SOUTH AFRICAN MINING Message Board

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Gold/Mining/Energy : SOUTH AFRICAN MINING

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To: POLARBEAR who wrote (90)	8/2/1998 11:06:00 PM
From: baystock	of 472

PB, I also think DROOY is a better asset than Harmony since it is a more marginal mine and therefore more leveraged to the POG. Also regarding Randgold Resources. Yes their growth prospects are very impressive. Their financial situation would be tremendous if they can achieve their stated objective of $50 million per year cashflow at POG=$320. And RANGY would be a great way to play these prospects IF RANGY can pay off all their debts and still maintain their stake in Randgold resources. I guess this is where I really don't have enough info. Yes RANGY may be very undervalued but I need to know for sure before I will risk any more money into it. Ram

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