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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 (281)	10/10/1999 1:24:00 PM
From: POLARBEAR	Read Replies (1) \| Respond to of 851

Hi Ram, So if we say 95 million shares, with production of 1.3 million, then every 73 shares equals an ounce of production. At $2 a share, $150 buys us an ounce of production. I'm just guessing but if production cost is $250, and gold hits $400, then we either have a P/E of 1, or the price is going to rocket. Wouldn't it be nice to get your full investment back every year just in dividends? :-) With a reasonable P/E of 10, we'd have a $20 stock. (I just woke up....does my math check with you?) Thanks PB