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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (1110)	5/27/2001 9:42:19 AM
From: Stephen O	Read Replies (2) \| Respond to of 4051

You should all look at holding some Black Hawk Mining (BHK.TO). Current producer at $156 an ounce. Cash flow about 8c per share , real earnings of 4c a share and yet it's priced at 16c on the market. So it's priced very cheaply in the current gold environment. It has paid off its long term debt to Standard Bank, unlike Aurizon with its upcoming debt. For the spec side it has a superb property in Southern Argentina which Silver Standard is exploring and earning in plus other properties in Ontario and Nicaragua. Newmont is their exploration partner in Nicaragua. Major shareholders are Dundee Bancorp and Repadre owning about 34% between them.

To: russwinter who wrote (1110)	5/27/2001 10:51:43 AM
From: lbs1989	Read Replies (2) \| Respond to of 4051

Dear Russ, Thank you for your reply! I have tried to become relatively informed in a short period. Before I launch off half cocked, as it were, I felt I must try and get some help. The portfolio had about $640,000 in it at its peak 31/12/96, including ALTA, BEMA, GREENSTONE, DAKOTA MNG, CANYON, CROWN, ROYAL OAK, MIRMAR, GOLD CORP, PAAS, VENGOLD. I wont mention the purchase prices in 1996 but this was ALL the discretionary savings. So the "trick" is can we come up with a portfolio after applying some sound judgement on the current available facts that will rise to a break even or above level in a strong market?!! Is there an "8 bagger portfolio" out there? I think we will see a strong market again but the timing is the question. In the mean time we have to be patient. I agree for what it is worth and what I read that GLG needs another project. I just wonder why they have done so well lately? I agree on the balancing idea but there are so many names offered since 10 th April that I am not sure how I would rank them as additions to the portfolio. Are there any "8's" in a rising to $400 gold or above market? I would not buy large caps at this point. We need some bang for the buck that wont go bankrupt while we wait, I think. ( A couple more posts and someone will think I know what I'm talking about!) Want to go out on a limb for us and say what you'd do with the $80k. I promise not to saw it off!! I think we should sell the Rands for sure. No bang there! Again thank you for your advice and patience! Best Regards