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Strategies & Market Trends : Waiting for the big Kahuna

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To: Lucretius who wrote (43345)	9/3/1999 12:47:00 PM
From: John Dally	Read Replies (1) of 94695

>>buy some GSR if you want a junior with no production sold forward and a great portfolio of properties<< Hi LT, I took a look at GSR. Working capital & cash flow are negative. Won't they have to sell some of those properties at a time when gold is at a 20-year low? I do agree that it's probably a great time to buy gold mining stocks. What do you think of the following two companies: TVX has a market cap = cash, with cash mining costs at $168 / oz. MAENF has a market cap = 1/2 of cash. (Perhaps their management is suspect?) Best regards, John.

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