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

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To: baystock who wrote (226)9/6/1999 11:56:00 PM
From: baystock  Read Replies (1) of 851
 
Followup post from Disney:

PS .. except for DRD that is .. I tried to get some hard data
today on DRD resources .. to identify Kebble "conceptual" resources ..
.. comments that may be of interest ..

1 . The purchase of Harties will generate cash because of Harties
Surface treatment plant .. handling large stockpile of low grade ..
.. guessing at 3 million oz .. without this DRD would have a cash
flow problem ..

2. Second comment was that it was hard to find anybody in RSA that
would admit to owning any DRD .. It was stictly for Americans who
read the hype reports from the Blanchard outfit .. Realize this is
a cruel thing to say .. I am merely relating what transpired from
two different guys who manage funds. The one thing that I LIKE about
DRD is the small stock outstanding .. the price could run on script
shortage .. it wont run on earnings.
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