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cliffvb

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cliffvb

Re: nutsaboutgolf2001 post# 58029

Wednesday, 11/08/2006 12:14:08 PM

Wednesday, November 08, 2006 12:14:08 PM

Post# of 173859
Nuts, Just as the intrinsic value of an oil company is the value of the oil still in the ground after expenses, the intrinsic value of a mining stock is the value of the minerals in the ground after extraction costs. I wish that miners provided a PV10 value as the oil companies do, it would make relative comparisons easier.

I picked up more LIM today and I have been buying since August. It's production increase next quarter will be significant but it is only in the beginning. As I recall, LIM expects nickel production to triple over the next 3-4 years.
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