Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: TheBusDriver who wrote (15624)	7/12/2002 2:35:51 PM
From: Frank Pembleton	Read Replies (1) of 36161

Wayne... the new mining legislation ain't anything different from what we've got in North America. If anything it should spur some tremendous growth opportunities for the explorers. fwiw, 80% of the worlds known PGM reserves are in South Africa - I'm not saying to jump in and load up on Amplatts, but what I am saying is to take a look at some of the properties they've had to give up within the Bushveld Complex. Anooraq Resources (Russ talked about this one a few times) is the first one that comes to mind. As for Stillwater? It's a highly levered play - it's very Kinross-esque - and it would be my first choice once the bull returns to this sector. ...but not now. Regards, Frank P.

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