DROOY Durban Deep- Best S. African Mine Message Board

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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine

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To: baystock who wrote (451)	2/6/2000 10:41:00 PM
From: POLARBEAR	of 851

DURBAN WORTH $20+ AT $350. Just think if we shoot to half that figure :-))))))))))) John Disney ( drooy price ) ID#200272: Copyright ¸ 1999 John Disney/Kitco Inc. All rights reserved keep it simple and IGNORE hedges and all that stuff .. assume drooys total cost is 280 for example .. their earnings per share and their price are proportional to the delta between their cost and the gold price .. for example .. lets say at 285 $ gold they were $1.5 for a spread of 5 $ ( 285-280 ) .. .. thus at 320 gold they should be 320-280 = 40 /5 = 8 times what they were at 285 $ gold .. so 320 .. drooy is 8 1.5 = 12 bucks .. and as long as Im dreaming .. at 350 .. that 350-280 = 70 /5 = 14 times or drooy at 14 1.5 = $21 .. simple really .. thats why you dont wanna buy abx .. and you only want deeps if you're sure gold is going UP .. you get killed when it goes down ..

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