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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine
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To: POLARBEAR who wrote (76)3/7/1999 7:55:00 PM
From: baystock  Read Replies (1) of 851
 
Hi Polarbear,

<I was more bullish on rangy, but now that rangy is still at close
to 75 cents given the reverse 3/1 split, Durban looks much more attractive at these levels.>

When comparing DROOY to RANGY, I think the answer depends on the POG. If POG takes off back to $350+, DROOY may be more attractive since it is the most marginal operation. But if POG stays flat for another year or two, then RANGY is more attractive since RR will still grow dramatically in this environment while DROOY stands still.

Ram
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