PHILEX GOLD INC (PGI) - TSE.... Trading at under 30% book Message Board

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Gold/Mining/Energy : PHILEX GOLD INC (PGI) - TSE.... Trading at under 30% book

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To: Robert Salasidis who wrote (12)	5/3/1999 6:18:00 PM
From: Braincramp	Read Replies (1) of 86

Looks like a buy to me also! SHARES; 40,911.818 MARKET CAP; 12,273.545 CASH FLOW; 4,300.000 First Quarter of 99 They had a rough go in 98, but it looks like they are into a better ore grade this year. If management can keep the cash cost around 166 and gold moves to around 320 this company will be a winner. The reason I say this is that I don't think they have much hedged above 300 at this point.

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