An obscure ZIM in Africa traded Down Under Message Board

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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under

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To: TobagoJack who wrote (853)	6/17/2003 11:08:58 PM
From: que seria	Read Replies (1) of 867

Well, so that is what defines the thread! ZIM.AX has done pretty well by its holders this year. Good bets, Jay, if you rode this one and SWC, which I recall you liking at much lower prices. I've stayed out of SAF after bailing on my SUF.TO due to political uncertainty and an expected U.S./auto industry retrenchment in PGM demand. I was only about two years early--and counting--on an event yet to happen. I re-entered SAF the other day in small size, with another diamond play, no less, but with a big gold kicker in Northwest Africa. Etruscan has a nice enough website: etruscan.com Although I wouldn't call it cheap, Etruscan does seem to be developing an area gold play with Semafo that could supply many more years of feed for a mill now being built, predicated upon a 7 years of reserves and an anticipated production rate averaging ~100,000 oz/yr. EET owns 40%, after Semafo and Niger's stakes. It is pulling some nice gems out of its SAF diamond mine. A good one to watch for an entry if gold pulls back.

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