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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (41048)	9/27/1999 9:50:00 AM
From: goldsnow	Read Replies (1) \| Respond to of 116767

Analysts believe Africa's hard-pressed gold mines should be among the biggest winners from a sustained improvement in the gold price should, due to their lowly rating against peers in North America and Australia. ``We'd expect the Africans like Anglo, Gold Fields and Ashanti to show the most leverage to the gold price, reflecting their valuation discount, some of which is likely to get closed,' said Mark Burridge, mining analyst at Merrill Lynch. Based on his firm's long-term price target for gold of $325 per ounce, he reckons African mines are currently trading at a 10-20 percent discount to net present value while many in North America are at hefty premiums. biz.yahoo.com