DROOY Durban Deep- Best S. African Mine Message Board

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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine

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From: ild	8/24/2006 9:12:36 PM
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From Yahoo board: JP Morgan raises DRD Gold to Overweight * Looking through the June quarter's rather confusing numbers (as they have been reported so far), we can see a materially improving operational outlook. The SA operations are on a reasonably sound footing and are enjoying a gold price averaging a little over R140,000/kg, so far in the September quarter (R131,000/kg for the June quarter) In our view, the kicker will be Emperor, which now has a strong management team, in our view, and should deliver significantly higher production going forward. * We rate the stock Overweight relative to the SA gold sector. messages.finance.yahoo.com

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