 |
 | |
 |  |
| We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level. |
Hi everyone, you can't imagine how excited I got after doing some research on this company. They own a few properties, but the really hot one right now, is the Blackdome Gold Mine, in B.C. Between 1986 and 1991 the Blackdome Gold Mine produced 225,000 oz. of gold and 550,000 oz. of silver at excellent grades: gold's average grade was 0.64 oz. while silver's average grade was 1.49 oz. per ton! A Jannuary 1996 study indicates an ore resource of 82,720 oz. gold and 190,080 oz. of silver. Since then, they have undertaken an extensive drilling program and partial results (which are rumoured to be excellent) should be out either today or Monday morning. (Last night (Sep 5/96) they held the shareholder's meeting.) And as if all this wasn't enough, here comes another bonus! The presence of a fully equipped, modern mill on the Blackdome property considerably reduces the cost of resuming production, which could become a fact this year, or at the latest next spring!!! Claimstaker has a 50% interest in the Blackdome Gold Mine and is the operator. The other 50% partner is Petro Plus (ASE:PPV:A), who is responsible to finance the drilling program. Claimstaker has 9,000,000 issued shares (F/D: 13,000,000) with an estimated 2,000,000 public float. Due to the specifics of this mine, it's expected that the operating costs will be very low, allowing for approx. $200 profit/oz. of gold!!! Considering a production of 80,000 oz. gold/year, with $200 /oz. profit, and their share structure, we are looking at $0.88 earnings per share! (That's because it is a 50% JV). Since the market pays 10 to 30 times the earnings, we are looking at minimum $8/share!!! Right now this stock trades between $0.50 and $0.62. Dosn't look waaaaaay undervalued to you? I am a shareholder in Claimstaker with no other affiliation with the company. Please do your own due diligence!!! You can call them at (604) 684-6677. Good luck, Silviu | ||||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2025 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |