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Gold/Mining/Energy : AZC - AZCO MININGS (AMEX:AZC) -- Ignore unavailable to you. Want to Upgrade?

To: BHunt who wrote (42)	5/28/1999 2:06:00 PM
From: Bill Fortune III	Read Replies (1) \| Respond to of 118

Good day Bhunt and thanks for the link. You know, some days I just don't understand how investors think. Here we have a stock (AZC) that will be growing by leaps and bounds in my opinion and it just keeps trading in the same range day after day. A stock, which I believe, is greatly undervalued based on all that we currently know about the near term probabilities for AZC. It is still giving off extremely bullish signals as I pointed out in one of my previous post: Message 9721862 On top of that and as of TODAY AZC is near the top of the list; WEAK GROUPS THAT ARE SHOWING SIGNS OF RECOVERING and ranked # 2 on the top 25 stocks for purchase consideration ranked in order from best to worst: search.tscn.com And at WSRN.com it is rated: SHORT TERM INDICATORS AVERAGE - 80% BUY MEDIUM TERM INDICATORS AVERAGE - 100% BUY LONG TERM INDICATORS AVERAGE - 100% BUY OVERALL INDICATORS AVERAGE - 92% BUY equities.barchart.com You and I hold a couple of other stocks in common which we are very bullish on, but for myself I can't help but feel that AZC is might just be the best of them all for the near and long term. Any other thoughts out there? Thanks again, and regards, Bill Fortune III

To: BHunt who wrote (42)	5/28/1999 2:06:00 PM
From: BHunt	Read Replies (2) \| Respond to of 118

OK Now Ive read the post and heres my take at the moment. AWESOME POSSIBILITIES HERE ! ! ! ! ! ! My Response to RB post by STE Checking the math here.... Minimum stated production 22,000,000 lbs 60% in Hi Grade Mica 13,200,000 lbs Hi Grade price quoted at the meeting/lb approx $14.80/lb Value of Hi grade at top end $195,360,000 Conservative est @ 8.00/lb $105,600,000 Remaining Mica at bottom price 8.8 mill lbs at $1 $8,800,000 Total Mica Revs yr 1 114.4 million to 204.16 million NOW, I believe you are saying that the feldspar host will be sold on top of these mica numbers and that the sale of the feldspar will be enough to offset the cost of processing the mica to where the margin on the mica is effectively 100%! Now if they came out of their Quiet Period on Thursday morning they began to speak publicly. But they could only use the commodity price for unmilled mica. This was true because the AZ Land Office is about to approve their Mine Operations plan and they can't talk about firm contracts until that is approved. If Ive got that right, then I would expect them to be contracting for material as soon as the plan is approved. AZC has 15 mill cash already. Add their very minimum estimate of 15 mill clear profit on mica and that equals 30 mill cash which says the stock is worth current values JUST ON CASH. Forget the other projects. They are a bonus!!! Even the low projection of 100million a year at a 100% margin against 29,000,000 shares comes to over $3.40 EPS! A gentle multiple of 15 P/E says we could be looking at $50/share! If this is all correct, I would have to say this is an undiscovered bonanza. Lets see some DD out there! BHunt