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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Little Joe who wrote (6177)	12/19/2002 10:41:17 PM
From: marynell	Read Replies (2) of 39344

I sold my Sultan the other day at $0.21/share. One or two days later it rocketed to $0.29/share. Curses. Anyway, I made some money with Sultan last year, and they do have good leverage because their deposit is low grade/high cost. But I sold Sultan to use the proceeds to buy Cardero (CDU). Cardero's silver deposit in Argentina could be huge, and even if it's not huge, it will be very economic. Cardero has a fairly large market cap for a junior, but in this case I'm paying up. Cardero is a special case, and you may want to study this new Argentian silver play. www.cardero.com My largest holding is Seabridge because I am a gold bull and Seabridge has excellent leverage to the price of gold. I also own Odyssey Resources (ODX), Cardero (CDU), Madison (MNP), and Mines Management (MNMM.NASDAQ) I'm down to five junior exploration/mining stocks now, the fewest I've ever owned. I've decided not to own more than six.

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