True Confessions -- Admit it -- you bought <i>that</i> stock Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : True Confessions -- Admit it -- you bought that stock

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (841)	10/21/2009 1:51:34 PM
From: carranza2	Read Replies (1) of 990

Strike is over. drd.co.za Its operating expenses per oz. are quite high, in the $800 range now. drd.co.za A lot of the gold is underground, in relatively deep mines. They have to deal with a tough union. All good reasons for the low share price. The the total of 54 million ounces in reserves claimed and a $1,000 per oz. POG with a $800 cost per oz. to recover, suggest that the co. is still undervalued. Keeping the POG and recovery cost the same over the next 20 years then discounting by 50% yields pretty much the present market cap. If you are a gold bug, er, bull, and think POG will go manic, and more important, are willing to hold on to the shares for a 3 to 7 year period, it seems likely that DROOY will not disappoint. I do think gold will eventually go manic, but I also think politics will in the mid-term become a very serious problem for the SA gold producers.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next