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

To: Brumell who wrote (1846)	8/14/2001 1:57:29 AM
From: que seria	Respond to of 4051

Bob: Strongly second Claude's advice, especially FGX.V. eom

To: Brumell who wrote (1846)	8/14/2001 11:26:43 AM
From: russwinter	Read Replies (1) \| Respond to of 4051

It about time to seriously throw Moydow (MOY) into the hopper. 26.9 million out @ 36= US 6.3 million market cap. There is working cap of US 2.4 million, leaving an enterprise value of only US 3.9 million. The story is MOY's advanced (mining license issued) deposit in Ghana with NDY (50%) called Ntotoroso, which in turn is located adjacent to NDY fully owned and large Yamfo-Sewfi project. Also note analyst reports by Van Doorn and Brent Cook. moydow.com My bet here is that the feasibility study released earlier this year (and responsible for killing the stock) is unduly conservative and ignores a considerable part of the story. - Reserves were put at 1.1 million (550K for Moy's share) and at a cash cost of about $180 (uneconomical at 270 POG, the basis for the study). - There is at least another 600K (300K-MOY)in measured and indicated resources not incorporated into the study. In addition there are some excellent high grade cores drilled below the proposed pit that haven't been counted at all (makes you wonder why they even did the feasibility study?) This high grade is open, with the better grades at depth. There is still considerable upside potential in other zones. - Sensitivity to POG increases is extremely high: $1 adds one million cash flow and will kick in rapid additions of reserves and resources. Great leverage, one of the best 270 to 300 plays in the market, especially as understated reserves and resources/ EV are at a mere $3-$4 an ounce. - Ntotoroso is a key component of one of NDY's most important development projects. Takeover odds are good. I think what's happened here is that the project requires a few brain cells to evaluate correctly and the study shows costs as high and misleading. In this market that has equated to a sell ticket. But when you kick the tires here, a great bargain has emerged IMHO.

To: Brumell who wrote (1846)	8/21/2001 1:13:18 AM
From: Brumell	Read Replies (2) \| Respond to of 4051

Thanks to those who offered their suggestions about which gold stocks to buy. Chasing details has been interesting... but the outcome frustrating. FWIW, I think gold stocks are mostly way over priced.... some ridiculously so. I was surprised. What's caused these hyper valuations? What's the rationale? Many look better as candidates to short than buy long, imo. Several people mentioned FGX. Can't argue with that one. This stock reeks of value with reserves in the ground and more exploration underway. Even if viewed only as a takeover candidate, FGX makes sense at today's prices. Considering valuations placed on even mediocre producers, FGX appears to be selling at deep discount, 50% off or more, prices. While not a t/a, I also noticed it's chart appears to be forming a pennant. An upward breakout appears likely. It's a buy regardless of gold prices. Are IOCC gold options still available? I traded them about 15 years ago with mixed success. Can't find any mention of them and couldn't find their quotes in newspapers. There's a reason for asking. Seems to me if gold looks poised to move, I'd rather own the metal or a derivative than most of the gold stocks. Bob