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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG -- Ignore unavailable to you. Want to Upgrade?

To: Travbfree who wrote (416)	2/7/2000 12:34:00 PM
From: Travbfree	Read Replies (1) \| Respond to of 539

(This article by Bill Murphy starts at post #410 and reads in sequence to #417) I am partial to the junior golds and smaller gold companies. Many are at near-bankruptcy prices. Even with Friday's dramatic gold price rise there was relatively little interest in the smaller gold stocks, with some players using the gold price rally to unload shares into. Because of mainstream press reports, the investing public does not believe that a big gold market move can happen. Boy, are they in for a surprise! Investors will have 10- and 20-baggers in their portfolios if they locate the right smaller gold companies. The share price moves up of the quality baby gold stocks will make the moves of some of the Internet stocks look rinky-dink. More on that in future "Midas" reports. There are so many good juniors out there. My favorite is still Golden Star Resources (GSR) on the AMEX. The highly regarded generalist money manager, Julian Snyder of Snyder Capital Management in San Francisco, told CBS Market Watch last week that GSR a triple, or would be fairly priced at $3 with gold at $300. He felt GSR would be a $10 stock if gold went to $400. Well, gold is now at $310 and GSR closed Friday at only 1 7/16. By Snyder's rationale, that makes GSR still 100 percent undervalued as of Friday's close. I am even more bullish on GSR than the conservative Snyder is. There is also a little gem in Canada -- Wheaton River Minerals Ltd. Its share price has outperformed that of almost all the smaller gold producers over the past year. This debt-free company is turning in handsome profits (19 cents per share) and yet sells for only about 2.5 times earnings. It is a profitable gold producer in Canada and is going to swing into operation in Costa Rica soon. A class operation. For a pure exploration play, there is Samex Mining Corp. It has been aggressively acquiring gold properties in South America. >From a recent corporate press release: "The property is drill-ready and Samex and Chalice are planning a drill program, the details of which will be announced in a forthcoming news release. The Sora Sora property lies within the Oruro-Patacamaya polymetallic mineral belt, one of the richest precious metals regions in Bolivia. This belt was exploited for silver and gold in the Inca period and, on a much wider scale, during Spanish colonial times. The property is situated along the Coniri Structural Trend, which also hosts the world-class Kori Kollo gold mine, 60 kilometers to the southeast." I met Jeffrey Dahl, vice chairman of Samex, last year on my trip to Vancouver on behalf of GATA. He's a very sharp guy and a big GATA supporter. I received this email from him this week: "We've just received our Alain Despert 'GATA' print. Wow! The picture on the web site hardly does it justice. This is a REAL work of art. It communicates so very well the struggle that free-market proponents are up against over gold. But the light has begun to penetrate the dark recesses of the banking world, exposing the imbalances that have been engineered to extort inequitable returns for a select few. We thank you for your tireless and often unrecognized efforts to reveal the truth. Please keep up the solid efforts; the rewards will be great. We are proud to display the GATA flag in our office." >From Cafe member THC in Japan: "Happy Chinese New Year! It may be interesting to note that we just entered the year of the Golden Dragon! I wonder what this will bring about in the gold market. Good luck to all in the new year." -END-