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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?

To: baystock who wrote (261)	10/1/1999 5:35:00 PM
From: The Barracuda™	Respond to of 851

They have NO gold production. They are an exploration co. The reason I like them is because Scott Smith the president of GSTD is the most non-hypester guy I have ever met. The market cap of GSTD is about $2.3MM on 1.17MM shares. GSTD has a 500,000-share float. Over the past wk, about 250,000 shares have changed hands. The $2.5MM dollars gives them time to continue their Brazilian exploration program. They either have no other competition in Brazil or very little. The Giamperos (sp.?) are bringing GSTD gold prospects that the giamperos have been rooting around in for yrs. Companies that have good announcements about gold intersections can overnight get $100MM market caps. If gstd had such an newsrelease, a $100MM market cap would translate in to a share price of $100/sh-gstd's shares are currently around $ 2 each The companies book value/sh is the same as Homestake-about $2.71/sh GSTD's book is mostly cash, HM's is an "accounting value" that may or may not be accurate. HM has a market cap of $2.5 billion Robert P.S. It's a flyer I know, but is sure is a heck of one P.S. #2 DROOY is a good gold share, when gold breaks over $350 the volume will be astonomical along w/ that $5-7 price tag