Fortune Minerals Limited (TSE - FT) Message Board

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To: Tim Cruise who wrote (483)	11/12/2000 10:40:54 AM
From: Richnorth	Read Replies (2) of 612

Omitting the cobalt, what is your fair valuation? IMMHO, considering the gold alone, a fair valuation might be based on ******************************************************* (the total value of all the gold in the ground plus the money already spent plus cash in the bank) multiplied by a "correction" factor of, say, 0.2, and then divide the above result by (the total number of shares). *************************************************** I suppose that if we repeat this calculation for each significant/worthwhile mineral, and then sum up all the individual results and multiply this [sum (+ cash already spent + cash in bank)] by 0.2 and divide the result by the total number of shares, a fair valuation of a FT share should emerge. Of course, for a more fair valuation, the potential values of all other FT properties will have to be included in the calculation. Just my opinion only! Your comments, please.