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Gold/Mining/Energy : Battle Mountain Gold (BMG) -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (170)	3/9/2000 5:56:00 PM
From: Yeshua	Read Replies (1) \| Respond to of 174

Gold stock report..... biz.yahoo.com <<<.Hinrichs declares, ``I very much like Barrick Gold (NYSE: ABX - news). The one thing that stops me from aggressively purchasing the stock -- I have an Outperform on Barrick's shares -- is that I simply believe the company is not leveraged enough. Barrick is probably among the best-managed, most solid companies.' He adds, ``One interesting development with respect to Barrick, however -- and this occurred during the last several weeks -- is that Barrick Gold recently purchased a fairly large call position. Finally he states, 'This is something the company has never done before -- a gutsy move of sorts -- which says to me that management is quite confident that the price of gold is going to move higher. In fact, they are betting that gold prices will move a lot higher. And if gold prices rise, they are definitely positioned to benefit over the next two years.`` ``I would place Battle Mountain Gold (NYSE: BMG - news) and Kinross Gold (NYSE: KGC - news) in kind of the same category,' Hinrichs continues. ``Their shares have been hovering between $1.50 and $2.50. But they're very large producers that I consider undervalued relative to senior producers. Those two producers are, I believe, among the best plays in the sector in the event of materially higher gold prices, but they're somewhat leveraged -- especially Battle Mountain with respect to the company's fairly large debt profile. Battle Mountain Gold has some of the lowest cash costs in the industry, which would tend to make you believe that this is a great buying opportunity.'>>>>>> Regards Yeshua