Michael,
Welcome aboard! I do go several days without responding because I travel a great deal. Anyhow, I have EXHAUSTIVELY researched this company. As well, I have met with several important and prominent people and all like this play. As a matter of fact, their information was one of the key reasons I have acquired some more. Several analysts are feeling that gold will bottom out at $280/ounce. Thus, we may see this play fall just a bit more. However, picking any up below .60 cents is truly a wise investment. Let's face it, 1997 is a writeoff and we are all playing for 1998. I feel that next year will be a tremendous year, specifically for OROP. I also feel that by next year, this play will most probably be bought out by a MAJOR producer. The land OROP has, is indeed excellent and I strongly feel that some major company will realize the great opportunity that exists. Keep in mind, that with prices being so low, a major producer can and will go shopping for quality BARGAINS. I am leaning towards BARRICK GOLD-ABX-TSE. I just have a gut feeling that BARRICK might acquire this play. Barrick has a great deal of cash flow and they should be in a very strong acquistion mode come 1998. I also feel that one of Barrick's key area of expansion is South America, notably Peru! Time will tell, but either way, this play is a very good one. Prices may dip a bit more but watch out for 1st quarter of 1998!!!
Cheers,
ZEUS |
