Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (60365)	2/16/2005 9:50:44 AM
From: TobagoJack	of 74559

Hello Pezz, Today's Report: I bought two tranches of AFLEASE investing.reuters.co.uk at ZAR 3.85. They own 50% of South Africa's uranium reserve, and they produce gold. Their Modder East mine has proven reserve of 770,000 oz of gold, about ZAR 2.20/share worth, and reserve should be as high as 2 mn ozs,, or ZAR 5.71/share worth. They have 12.5 mn ozs of gold-equivalent uranium, plus 6.5 mn ozs of gold as by-products of uranium mine. The uranium is worth ZAR 10-20, or so I am told. Perhaps they will find oil below their gold/uranium deposit, and the oil is pooled on top of dry coal bed methane, and anchored at each end by oil sand pile :0) ... and the whole thing is immediately adjacent to a rich vein of strawberry jam ;0) Chugs, Jay

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