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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine
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To: Texas77 who wrote (797)1/19/2005 3:59:38 PM
From: Carl R.  Read Replies (2) of 851
 
They need a price of about 2800 to break even, from my recollection. The current price is about 2550, up some from the recent bottom of 2400, but well down from the 3000 it was not long ago. Until gold breaks out from the multi-year slump in Rand, don't look for a profit from DROOY (or HMY). The one thing that will help DROOY is if inflation gets out of hand in SA, and the Rand dies. Given the government of SA, you'd think that will happen sooner or later.

Carl
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