Gold and Silver Mining Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Mining Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ptaskmaster who started this subject	11/30/2003 4:45:28 AM
From: Gordon Owen	of 4051

Why Goldcorp? Lots of reasons why GG is the "luxury car" ride to profits as gold continues its rise * literally the world's richest gold mine * lowest cost of production ($76 per ounce compared to others at $200 to 230) * arguably the most "heads up" approach in the industry to partnering with small exploratory companies * debt free * no forward sales to limit profitability as gold rises * maybe best of all, they sell only enough of their production to be able to pay their employees and make a small increase in dividends to their stockholders. The rest of their production they just add to their stockpile of processed gold. For example, recent announcement of higher monthly dividend mentioned they had added 2.1 tons to the 6 tons they already had for a total of 8 .1 tons!! If you like the excitement of greater volatility paired with the leverage of lower prices, buying GG call options might be of interest. For the last 6 months it has been like owning a money tree. There ain't no rush like a gold rush....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next