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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (38134)4/12/2007 9:14:04 PM
From: koan  Read Replies (2) of 78410
 
EDR versus GGC. I like them both and I consider the two pretty equal with EDR having a slight edge (market agrees) and EDR has wts giving me 4.5 to 1 leverage.

EDR: The loss is more of an accounting loss I think. Having ones mill up and running with the bugs worked out is an important difference; and bringing in over twice as much money also provides the near term value of money versus the future value of money (compound value) and is also even more important if silver is ready to move now as the cash guys have more opportunities to build infrasturcture and buy.

This is the reason RNG was such a great deal for Lundin (instant cash to keep buying).

But if I were buying the stock I would own equal amounts of both GGC and EDR.
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