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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine
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To: baystock who wrote (276)10/8/1999 12:02:00 PM
From: C Hudson  Read Replies (1) of 851
 
From Kitco. Looks good!!!!!!!

ORO (DROOY) ID#71231:
Including Harties, their current production is over 1M oz. The price rise should bring another 100-200K of production within a few months.
Hathaway is right about the "Hedge-Light" concept, but Durban is in way better shape than the previous quarter numbers indicate.
Their hedge should be at about 10% of next year's production of 1.2 M oz or more. I think this is too little to make a difference for them.
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