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To: ild who wrote (97930)4/25/2001 3:41:07 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
looks perfectly fine to me. most people are scared of SA mining stocks because they don't know SA.
fact is, their reserves are BY FAR the largest, and their stocks by far the cheapest in the sector. and they RUN when the PoG rallies, which is the most important facet.
no other miners have the earnings leverage of DROOY, GOLD and HGMCY. coupled with a proven ability to produce very solid results in tough times as well i might add.
GOLD and HGMCY had a string of record quarters (only interrupted this qu.) with the PoG at 20 year lows....imagine what money spinners they will be if/when gold finally moves.
DROOY is a bit of an exception, as it struggled in recent years, but it's the only miner i know that could practically double production within a few months if gold prices improve. that makes its PoG leverage unique in the industry.
regarding the small cap Canadians, nothing's wrong with having some exposure there too, however one should best diversify broadly among them. the risk in those is imo much higher than in their SA counterparts. they simply don't have the reserves and/or ability to do well when times are tough.