Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (4113)	11/17/2001 11:24:08 AM
From: Joan Osland Graffius	Read Replies (1) of 36161

iso, It looks to me like some folks are not looking at total returns when buying metal stocks these days. For example if one would have started accumulating gold stocks using a strategy of averaging down on companies that share profits with the shareholders they would be in good shape right now. I looked into the value of some of these gold companies in 1999 and I was going to pay $10 or less for the gold in the ground. Compared to other investments I could not find a better discount to the value of any asset on the face of the planet. I started buying using Michael Burkes famous 1/3rds strategy and my basket at the moment is paying over 5.5% in dividends and I currently have over 20% in capital gains on the shares. We are now having a similar opportunity in Uranium. I also think we will have a similar opportunity with Platinum, Palladium and Rhodium during the next year or two. Joan

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