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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Frank Pembleton who wrote (90958)5/17/2001 7:55:11 AM
From: SliderOnTheBlack  Read Replies (2) of 95453
 
fpembleton re: why KGC ?

KGC is not "the" pick in a continued depressed Price of Gold operating environment - actually there would be no reason to own any gold stocks if one see's the POG remaining in this area.

We are not weighted to the gold stocks because we want to own these companies in "THIS" price of gold & operating environment.

We are weighted to gold stocks here, because we see the price of gold increasing substantially from present levels.

KGC is cash flow positive down to $240 gold as well - no significant/immediate risk of insolvency.

@ $320ish Gold - KGC should be among, if not the highest upside % mover of the "name" No American producers.

For each $25 move in the Price of Gold; KGC's NAV increases approx 180% in this sub $300 POG environment.

They are the 5th largest No American producer with the highest operating leverage to a rising price of gold of all the non-micro/exploration plays & that's why KGC is so appealing here.
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