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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 (276)10/8/1999 12:02:00 PM
From: C Hudson  Read Replies (1) | Respond to of 851
 
From Kitco. Looks good!!!!!!!

ORO (DROOY) ID#71231:
Including Harties, their current production is over 1M oz. The price rise should bring another 100-200K of production within a few months.
Hathaway is right about the "Hedge-Light" concept, but Durban is in way better shape than the previous quarter numbers indicate.
Their hedge should be at about 10% of next year's production of 1.2 M oz or more. I think this is too little to make a difference for them.



To: baystock who wrote (276)10/8/1999 12:54:00 PM
From: Jerry Rush  Respond to of 851
 
Thanks for bringing me up to date.
I wasn't well read on the subject.
Still doing my DD since recent purchase.
That changes the outlook.

Jerry



To: baystock who wrote (276)10/9/1999 11:01:00 AM
From: POLARBEAR  Read Replies (1) | Respond to of 851
 
Hi Ram,

Do you know how many shares are now out with Durban? I'm trying to come up with an Oz/share number.

Thanks,

PB


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