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Gold/Mining/Energy : Alta Gold
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To: Texas77 who wrote (253)9/14/1997 11:08:00 AM
From: Bucky Katt   of 749
 
Dave--At this point in the gold cycle, there are a few gold miners that
are much cheaper than Alta right now, and no one want's them either. As
an example, and I am not trying to hype, is vgz, which has a book of
$1.60 and trades at 9/16. Another would be maenf, which is selling
around what it has in cash alone, and has it's production hedged over
$400 an oz. for the next year. Talk about undervalued!
We just happen to be invested in an industry which is having it's own
special "depression". They will only move when gold moves, as the
majority are scared shi*less of this sector. And who can blame them.

WJ
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