Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Gary H who wrote (19604)	9/8/2003 3:29:55 AM
From: Andrew	Read Replies (1) of 39344

From a PE ratio and dividend yield viewpoint G and PDG look like the best value. Goldcorp actually pays the highest yield of the bunch. Also G's earnings would be even better except for the fact they are withholding some gold sales each quarter. From their last quarterly.. <<The improvement in Earnings occurred despite 14% (21,648 ounces)of our gold production being withheld from sale.>> <<Goldcorp's Balance Sheet continues to be exceptionally strong. The Company remains Debt-Free! Goldcorp's liquid treasury assets had a market value of $353 million at June 30, 2003 and consisted of: Cash of $200 million, Gold Bullion of $85 million and Marketable Securities of $68 million. The value of treasury assets increased $23 million during the quarter.>> I believe G and PDG are potential targets. NEM while of the highest quality is overpriced relative. One may be able to argue that it commands a higher valuation for a variety of reasons. ABX I wouldn't look at twice. K, I have owned it many times and will again. Lower quality higher cost producers seem to have the most leverage.

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