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Politics : Stockman Scott's Political Debate Porch

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To: Cactus Jack who wrote (9039)11/8/2002 5:22:32 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
yep, 3/4 Novagold (NRI.TO) and 1/4 Seabridge (SEA.V)

I capture opposite extremes
Nova has self-financed expanding reserves and huge production real soon
Lunden disseminated his strong reco a while back

Seabridge has extreme leverage from highcost mines
excellent management
Bishop reiterated his reco recently

I am always open to further diversification
but it takes me a lot to spread the wealth further
I like several gold stocks, dont get me wrong
I just want strong leveraged cowboys

for instance, I think NEM is the worst of the entire pack
it will get the headlines and carry the torch, fine
they will resolve their inherited hedgebook, offering a real interesting contrast to Barrick, which I fully expect will implode from escalating longterm debt to support underwater hedges
rumors abounded last week that ABX was contributing to the gold selling in order to keep the price down
these guys are still a hedge fund firm, not miners
their destruction during the gold rush will be salivating

/ jim
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