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Gold/Mining/Energy : $500+ GOLD...What Au Companies Will Skyrocket?
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To: lorne who wrote (31)10/26/1999 9:54:00 PM
From: CLK   of 43
 
I like St.Andrews also but the very best at 500 dollars is Golden Cycle Gold, GCC on the Pacific exchange. Anglo is the partner, they have a 33% interest in Cripple Creek. Franco just came close to buying them out at 13.75 but the deal did not go thru and the stock is 6.5 now. Over a million unhedged ounces to their account with only 2 million shares out. Very tightly held so one can only acquire it is small amounts but it will not take much when gold is at 500 for it to have huge earnings and pay down the 50 million owed to the joint venture quickly. Another good one is Freeport McMoran Preferred B which converts to a tenth ounce of gold in '03 and sells at 19 now so it would sell for 50 dollars at 500 gold and in the meantime it pays a large dividend. FCXPB is the symbol on that one. I believe FCX is unhedged and has 70 million ounces of gold in Indonesia. AEM and GG.A are obvious winners too, unhedged, and in a limited pool of intermediate producers.
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