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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: timers who wrote (54778)1/5/2001 4:10:38 PM
From: Earlie  Read Replies (5) of 436258
 
Tabler:

A little TSE gold company sitting on several million ounces of proven gold, plenty of cash, and a small oil and gas play just getting underway. The key words are "proven reserves". Everybody hates gold and the few who know about this little dickens hate the fact that its gold deposit is in Columbia. I love it. When gold runs, the big guys will be scouring the bushes for good deposits as they are shy on reserves. This deposit is big, proven, has excellent geology, etc. The market cap is so low as to be silly (45.0 million shares trading at CDN$0.22) You get over CDN$0.06 in cash and the gold in the ground at $1.00 per ounce. And by the way, Kinross, a major producer , has been quietly buying the stock and now owns about 25% of it! Are these guys dumb or what.

I have encouraged my gang to salt it away as a nifty "insurance policy" against the coming currency crunch.

Is Columbia as secure a place to do business as say Canada? Nope, but a whole bunch of very consequential American corporations conduct business every day in Columbia. Once gold starts to go, that gold is coming out of the ground. There is no way that one of the largest remaining unexploited deposits in the Western Henisphere is going to stay in the ground.

Best, Earlie
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