Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: Golconda	10/21/2004 10:25:24 AM
	Read Replies (2) of 74559

Worth a gamble as one leg of your caterpillar? Gold miner: Oxus - nasty start as listed co. struggled to raise enough £ to develop first phase of it's Amantaytau gold project in Uzbekistan (I know you love these weird and wonderfuls Jay!) - rehabilitating itself with opening of Amantaytau, a 50/50 joint venture with Uzbekistan govt. - contains 50M oz of gold, forecast production rate 500,000 oz a yr within 3 yrs - "making $1,000 an hour" from gold production @ Amantaytau:average cost per ounce $123 - plans to open 5 more mines in next 5 yrs - there are current problems with licensing - a comparison with its peers in former Sov. Union shows its discount is perhaps still too deep Make your own minds up... reuters.co.uk

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