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Re: RIGATONI post# 77

Saturday, 05/22/2004 9:38:29 PM

Saturday, May 22, 2004 9:38:29 PM

Post# of 7431
Thanks Rigatoni...

Your DD was very helpful. It made my job a lot easier as I search out this company as I do not yet hold a position. I do have some questions (for anyone that wants to answer).

1. Let's say (as a conservative #) there is 300,000 tons of clay in Dragon Mine. We just the conservative price of $450. This equates to $135,000,000...not bad!! How long will it take to extract this much clay?

2. Also, this translates into (rough estimate) $3.60 per share in revenue...also not bad!! Why isn't this stock a lot closer to that number?

3. (And I think this might be the answer for #2) What is the deal with the debt situation. One payable is bearing 16% interest!!! That is crazy! It sounds like right now, we aren't even paying any of the principal on our loans, just interest. How long til we can pay these babies back!!??

Thanks for your help!

Beigledog
#board-6698

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