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: Dale Schwartzenhauer who wrote (526)	6/11/2000 1:32:00 PM
From: baystock	of 851

Dale, <<When did Durban acquire Blyvoors, Harties & Doorn? >> Harties was acquired last year. The other 2 were acquired two or more years ago I believe. <<Who else has disappeared from the SA landscape? E.G., what happened to Vaal, Free State, & Western Deeps?>> I believe Anglogold (AU) was formed out of these 3. Yes there has been a lot of restructuring in SA which has allowed them to survive the low POG. Goldfields (GOLD) is another company to look at. I own quite a bit of DROOY. Sometimes I wish I had held on to my Harmony, but at these prices I can't see myself selling DROOY to buy Harmony. At its current price under $1 you are getting 1.2 million oz per year of production for under $120 million market cap. And it is profitable cash flow wise. -Ram

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