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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine
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To: POLARBEAR who wrote (450)2/6/2000 7:38:00 PM
From: baystock  Read Replies (2) of 851
 
PB,

<Could it be that DOME has a great deal of exploration potential?>

That is possible. But their public press release only talks about expanding production from 70,000 oz to 100,000 oz. But if the potential is there to expand production to 200,000 than the purchase would be a good deal, but that is not clear at this time.

<I'm under the impression that they've restructured their hedge book with the anticipation of higher gold prices to come.>

Yes their hedge book is no longer so bad.

Ram
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