ABX, GDX top holding:
EPS: -5.66 (pay no attention, closed hedges)
Div: 0.90%
Market cap: 41.81B
Reserves: 138.5 million Oz
Cost: $450-475 per Oz.
Price, gold under ground per Oz: $302
RSA stocks are currently undervalued, with price per M&I
resources below $50. This is a result of gold reaching
an 80 year low, inflation-adjusted, in Rand terms (2005),
and, perhaps, moving toward that target again in 2009.
BK risk exists there, thou, for DROOY in particular, but
these were in a bear since 1970-s, and are still sitting on the
biggest gold deposit ever discovered. |
