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Gold/Mining/Energy : THYSSEN MINING EXPLORATION INC. ("TME") -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (25)	2/26/1999 9:29:00 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 50

To the best of my understanding the placements were made in CTJ prior to the name change. THe name change was initiated just before Christmas. And as far as I know the shares are as indicated at the opening of the thread-- about 13.6 million. I haven't seen anything different since. If there are other transactions in progres that would involve creation of shares we can hope that they would get value for the transaction. As far as things stand right now it looks to me like they have drilled off a mole on the ear of an elephant without fully realizing that the elephant might be there or even the ear until they were pretty advanced in working on the mole. The market cap is about 3.4 million Canadian. They will have drilled off at least 2 million tonnes of a minimum $60.00 per tonne ore. Indications are that the ore values could range as high as $225.00 per tonne. Costs are estimated at about $30.00 per tonne. Both silver and copper prices can be expected to rise from current levels which could greatly improve profits. Any way the bottom line is 2 million tonnes with a minimum profit of about $30.00 Canadian per tonne. That would be $60 million minimum in anticipated profits and 3.4 million market cap at present. THere is plenty of room and reason to believe that much more high grade manto ore exists on the original and recently aquired properties. There is also the potential for huge porphyry deposits on the property. TME has other properties in Chile and Argentina. Getting this property into production would provide revenue for exploration and development of the other properties.