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mrktmaker

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Alias Born 05/10/2004

mrktmaker

Re: None

Thursday, 11/18/2004 2:58:11 PM

Thursday, November 18, 2004 2:58:11 PM

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WAGI in theory wagi should be trading for at .01 absolute minimum, .18 max.

Proven mineral reserves of 1.8b, Authorized Shares 10b

1.8 / 10 = .18

Now factor in expenses (of course they wouldnt mine the stuff if it cost more than the minerals themselves)

1.8 - 0.5 /10 = .13
1.8 - 0.75 /10 = .105
1.8 - 1.0 /10 = .08
1.8 - 1.5 /10 = .03
1.8 - 1.7 /10 = .01

Just something to think about

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