4/7/04
Hi,

There is no significant change in my present forecast. This issue is written to make a new gold recommendation.

I have been monitoring a relatively new company which has been acquiring gold and copper mines which, when fully operational I believe will become a powerhouse. The best part of the situation is that the stock can be acquired very reasonably. The stock trades at about $4 per share. 33.25 million shares are outstanding for a market value of $133 million. The asset value of the metals in the ground are well over $1.5 billion (ref.http://biz.yahoo.com/prnews/040318/to292_1.html). That is not profit, but the profits should certainly be roughly $750 - 800 million. Based upon these profit projections at estimate, the total profit would be $22 per share.

The stock is ABRM (ref. http://finance.yahoo.com/q?d=t&s=ABRM.OB), Aberdene Mines Ltd. Buy it!

Arnold

Copyright 2004 Arnold's Ramblings Inc., All Rights Reserved.
- posted by Arnold @ Wednesday, April 07, 2004