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Gold/Mining/Energy : PHILEX GOLD INC (PGI) - TSE.... Trading at under 30% book
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To: Pierre J. LeBel who wrote (1)2/16/1998 3:18:00 PM
From: Michael M. Cubrilo  Read Replies (1) of 86
 
Pierre, on the stockwatch forum I obtained a copy of the most recent
news release from Philex, which indicated that the anticipated 1998 gold production is expected at 132,000 oz at an average cash cost of $170/oz. I believe about 40% of this production has been sold forward at $345/oz The P/E ratio for February 14 was listed as 5, which is very cheap. Still looks like a secure investment, and Philex is the largest gold mining company in the Phillipines.

mc
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