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

To: BHunt who wrote (58)	6/2/1999 5:34:00 PM
From: jpbp	Respond to of 118

All right BHunt, There you go being specific in your information....heck, I can't think of another legitamate company out there that could possibly earn their share price at least a time over in net income (if your numbers are even close).... My mind won't let me even think of such possibilities....shameful to earn only 15 mill on 20 mill revs in fiscal 2000 (which begins in July). Even if the company is 'shameful' and produces and sells 20 million dollars of mica at 1 dollar a pound and earns 15 mill pre-tax....this should STILL afford a price that is dramatically higher than today's. Post tax that would be (15,000,000 times .60 (assuming 40 percent taxt rate) = 9,000,000 net income which = approx .33 a share EPS and considering it would be steady cash flow....should command at least a 15-20 PE.... oh lets say 5-6 bucks a share if they are 'shameful'. Heck....if that's shameful.....I can't imagine seeing responsible ownership. Let's see how the chips fall. All things considered....it's worth the gamble at a buck a share now for me. BHunt and all who have much sharper minds and better vision than I can imagine, thanks for all your DD. Good day, jpbp

To: BHunt who wrote (58)	6/2/1999 7:11:00 PM
From: Bill Fortune III	Read Replies (1) \| Respond to of 118

Greetings BHunt and what an education I am getting from you on the mining business. I am sure you already know, but I really appreciate all the work and DD you are doing and sharing with all of us here. Thanks, thanks and more thanks. Regards, Bill Fortune III

To: BHunt who wrote (58)	6/3/1999 5:43:00 AM
From: Tomato Man	Read Replies (1) \| Respond to of 118

Brian, I am working on finding out how mica is graded. I pulled up this document from Uncle Sam. It gives us a few clues. _____________________________________________________________ [Code of Federal Regulations] [Title 21, Volume 1, Parts 1 to 99] [Revised as of April 1, 1996] From the U.S. Government Printing Office via GPO Access [CITE: 21CFR73] [Page 328-337] TITLE 21--FOOD AND DRUGS CHAPTER I--FOOD AND DRUG ADMINISTRATION, DEPARTMENT OF HEALTH AND HUMAN SERVICES PART 73--LISTING OF COLOR ADDITIVES EXEMPT FROM CERTIFICATION--Table of Contents Subpart B--Drugs Sec. 73.1496 Mica. (a) Identity. (1) The color additive mica is a white powder obtained from the naturally occurring mineral, muscovite mica, consisting predominantly of a potassium aluminum silicate, K<>2</INF>Al<INF>4</INF>(Al<INF>2</INF>Si<INF>6</INF>O<INF>20</INF>)(O H)<INF>4</INF> or, alternatively, H<INF>2</INF>KAl<INF>3</INF> (SiO<INF>4</INF>)<INF>3.</INF> Mica may be identified and semiquantitatively determined by its characteristic X-ray diffraction pattern and by its optical properties. (2) Color additive mixtures for drug use made with mica may contain only those diluents listed in this subpart as safe and suitable for use in color additive mixtures for coloring drugs. (b) Specifications. Mica shall conform to the following specifications and shall be free from impurities other than those named to the extent that such other impurities may be avoided by good manufacturing practice: Fineness, 100 percent shall pass through a 100-mesh sieve. Loss on ignition at 600-650 deg.C, not more than 2 percent. Lead (as Pb), not more than 20 parts per million. Arsenic (as As), not more than 3 parts per million. Mercury (as Hg), not more than 1 part per million. (c) Uses and restrictions. Mica may be safely used in amounts consistent with good manufacturing practice to color dentifrices and externally applied drugs, including those for use in the area of the eye. (d) Labeling requirements. The label of the color additive and of any mixture prepared therefrom intended solely or in part for coloring purposes shall conform to the requirements of Sec. 70.25 of this chapter. (e) Exemption from certification. Certification of this color additive is not necessary for the protection of the public health, and therefore batches therof are exempt from the certification requirements of section 721(c) of the act. [42 FR 38561, July 29, 1977, as amended at 52 FR 29665, Aug. 11, 1987]