Gold and Silver Mining Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Mining Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: gold$10k who wrote (1790)	7/31/2001 8:15:52 PM
From: russwinter	Read Replies (3) of 4051

<ELD> Don't know for sure VT. But judging from the reaction to BGI's and YMC's sterling news, perhaps the problem with these companies is they have great deposits of, heaven forbid, gold? Seriously though, I'm noticing a pronounced tendency to mark down these top quintile plays from four or five bucks an ounce to two or three of late. That's why nobody's exploring anymore, no payoff no matter what. ELD has 7.8 million oz of that genre, plus a so so mine. Enterprise value after adding back debt (US 15 m.) and subtracting cash (US 8 m.)is now US 22 million. Once I saw them close out the hedge book, I got aggressive here. Seems strange to me, and this one even assigning nominal value to a producing mine looks incredibly inexpensive. I've been averaging down. Picked up more at 26 yesterday. Looks like 24 tomorrow, I'm going for more.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next