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Microcap & Penny Stocks : IKAR Mining Tungsten iron ore gold silver copper cobalt -- Ignore unavailable to you. Want to Upgrade?

To: last1out who wrote (524)	2/6/1999 2:13:00 PM
From: Lazarus	Read Replies (1) \| Respond to of 631

The book value on ACMG is right about 2 cents a share... ...but, I am told that the book value does not take into account the proven/probable reserves estimated and reported by Behr Dolbear. They estimate reserves on one property at 185,000 ozs. If multiply that by $60.00 per oz and divide it by the number of shares OS you get .16 per share. To get the story straight I sugggest you call the company and speak to them directly. IF/WHEN mining stocks come back into favor --- I speculate that ACMG will do well. I would not put too much $$ in gold .... but I dont think there going to get much cheaper ... but one never knows. As it is .... the stock bottomed out at .009 and is likely to move into the 4 to 5 cent per share range this yr....just based on the cyclical nature of the how they rise and fall. Barginstocker