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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Step1 who wrote (14103)	6/8/2002 10:33:57 PM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 36161

Step1, I agree with your take on the gold companies. I own both GFI and HGMCY and my return on invested capital is good. If one looks at what you are paying for the reserves and the companies sharing 50% of the profits with stakeholders is as good an investment as one can find. I am waiting - hoping - for AAUK, IMPAY and AAPTY to get in my price range for initial purchases. If we get a double dip recession these could get sold off and be good longer term holds. Joan