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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (43447)	3/23/2002 9:31:48 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 99280

Jane, I agree that DROOY is not well understood by the investing public. They have marginal mines and are highly leveraged to the price of gold. The management is doing an excellent job of turning the company around and if gold stays above 290 or so an oz this company is going to do just fine. I would not be surprised to see the stock trade at $20 a share if we here in the US experience normal economic conditions after a bursting bubble. I was buying my gold stocks when the price of gold was below 280 an oz and bought DROOY as an option on the price of gold that does not expire. Heck gold was around $255 an oz when I added my last positions. 20 year bear markets generated some uncommon values. <g> With the price of gold where it is now and the management team at Durban Deep the option has turned into a investment. <ggg> IMO, the devaluation of the Rand has made these South African gold mines more attractive than any in the world. Their costs are in a devalued currency and selling the product in US$'s. These folks are printing money faster than "Al the printer" can. <g> Joan