Anyone follow Stilfontein Gold Mining? Message Board

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Gold/Mining/Energy : Anyone follow Stilfontein Gold Mining?

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To: Ray DeMoss who wrote (15)	1/2/1998 7:14:00 PM
From: Dale Schwartzenhauer	Read Replies (1) of 21

Ray, thanks for the post. I still have some ERNDY but am mainly focusing on ASA, GLG & HM for the gold price play. I think these issues could see 5-fold moves at $500 gold, which translates into gains of potentially several thousand percent on the call options. You might want to look at GLG as a possible takeover candidate; they have $1 per share cash, under $200/oz cash op cost, no debt, production set to double in the next year, and 3 million ozs in low-cost domestic reserves. At $100/oz of reserves, the stock would see around $10 vs the current $4. HM recently paid over $300/oz for an Australian gold producer, so $100/oz is not out of line. Best regards, Dale

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