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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 (451)	2/6/2000 10:41:00 PM
From: POLARBEAR	Respond to of 851

DURBAN WORTH $20+ AT $350. Just think if we shoot to half that figure :-))))))))))) John Disney ( drooy price ) ID#200272: Copyright ¸ 1999 John Disney/Kitco Inc. All rights reserved keep it simple and IGNORE hedges and all that stuff .. assume drooys total cost is 280 for example .. their earnings per share and their price are proportional to the delta between their cost and the gold price .. for example .. lets say at 285 $ gold they were $1.5 for a spread of 5 $ ( 285-280 ) .. .. thus at 320 gold they should be 320-280 = 40 /5 = 8 times what they were at 285 $ gold .. so 320 .. drooy is 8 1.5 = 12 bucks .. and as long as Im dreaming .. at 350 .. that 350-280 = 70 /5 = 14 times or drooy at 14 1.5 = $21 .. simple really .. thats why you dont wanna buy abx .. and you only want deeps if you're sure gold is going UP .. you get killed when it goes down ..

To: baystock who wrote (451)	2/7/2000 1:52:00 AM
From: POLARBEAR	Read Replies (1) \| Respond to of 851

Date: Mon Feb 07 2000 01:11 Nick@C (fisherman and Dizz) ID#386350: Copyright ¸ 1999 Nick@C/Kitco Inc. All rights reserved I happen to think that the DRD purchase of DOME will turn out to be a VERY shrewd move. Dome has not only a nice, low cost little 90,000 oz mine but humungous prospects. They've got something like 1200 sq. km. of dirt in one of the most prospective regions of the world. I have been in those New Guinea hills[near the rivers] and had little kids come up to me with gold nuggets the size of your thumbnail to sell me. The hill next door to the Tolukuma mine may well be another hot prospect[preliminary results show good quartz veins]. So much of that area is totally unexplored. The prospects boggle the imagination. Not only that but DRD bought all these assets at what will turn out to be fire sale prices. They have also added geographical diversity which[like it or not] will impress the US shareholders. When they put Dizz in the cannibal's pot, this diversity may just save DRD's ass[ets].