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

To: Stephen O who wrote (1709)	7/24/2001 12:07:40 AM
From: Claude Cormier	Read Replies (3) \| Respond to of 4051

Black Hawk make sense, I agree. But there are two things I don't like and that will limit its gains in a bull market..even if they will be generating excellent cash flows. 1) The call options they have sold. 2) The low reserves. EVen if I am sure they will find more gold and operate for many years to come, companies that have low reserves usually sell at a very low cash flow multiple especially because nobody can predict when the reserves will run out. In spite of these two small negatives, it is a good holding in a bull market. One of the strong positive is its low price due to the high number of shares out. Speculators and investors love pennies that move fast.