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Re: Ed Monton post# 7

Sunday, 05/25/2003 8:04:10 PM

Sunday, May 25, 2003 8:04:10 PM

Post# of 42
this one sells so cheaply because it has little promotion. i just calculated that if they have 4 million ounces, 38 million shares fully diluted, selling for .70$US gives us 6.65$US/ounce. since ANO.u has only 1/3 of the deposit (assuming that rio tinto fully earns in) then it is really selling for 19.95$US per ounce of gold in the ground. given that they have a lot of other prospects that havent been explored and that rio tinto continues to fund exploration this is really cheap! this one ran up to the 1.70's during the last gold stock run and will do it again imho. possible three bagger here from these prices.

longjonsilver

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