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To: BEEF JERKEY who wrote (10597)6/11/2002 3:51:46 PM
From: tejek  Read Replies (1) | Respond to of 11568
 
One gold I really like is Goldcorp (TSE:G or GG on the NYSE). Totally unhedged and they own about 80% of the prime gold bearing land in the Red Lake Region. They are currently lowest cost producer in the world and just about every time they sink a new hole they hit more gold. This company will stay profitable even if the POG stays static. Already they are talking about a second mine in their "Far East Zone".

You're a Canuck! Where's the Red Lake Region? I will check GG out.

If you like to speculate RUP.V is a junior with 2 employees selling in the mid $.20's (Can$ yet) right now. Key thing is they own the land right beside Goldcorps "High Grade Zone" and "Far East Zone". The extremely rich Goldcorp gold trend appears to extend onto their property, at least according to the Outlook 2002 just released by Goldcorp. Goldcorp just hit 400 ft further east than their furthest previous exploration. Goldcorp has high hopes for the "Far East Zone" according to their outlook 2002. If gold keeps trending higher Rupert could really pay off. I wouldn't bet the house on it but you can buy 10,000 shares for next to nothing! If Goldcorp goes ahead with a new mine at the "Far East Zone" I would think at minimum Rupert's gold center property would get bought out or jointly developed by Goldcorp or any other large gold company.

goldcorp.com
rupert.com


For what its worth, the ones I have liked so far are DROOY for momentum, and HL and GLG for growth and/or fundamentals.

ted