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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 (517)	5/5/2000 8:25:00 PM
From: POLARBEAR	Respond to of 851

Ram, Regarding the P/E of 100 figures, if this were the only number given then I would agree. However, the author clearly states "The second P/E ratio used is an arbitrary mania P/E ratio of 100". Having done very lately shorting the bubble stocks with P/E's in the stratosphere, I think if EBAY, RHAT etc. can have P/E's in the THOUSANDS and the herd doesn't even think twice about running up the price, then calculating a MANIA P/E of "100" for DURBAN isn't that unreasonable. I too am anxious to get more info on the latest hedge figures. If I saw that they were adding to them I'd be gone in a heartbeat. Seeing that they are reducing their hedging encourages me to buy more cheap shares. Please let us know if you get any more info on the hedge and I'll do the same. PB