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To: yard_man who wrote (255775)	8/14/2003 2:37:06 PM
From: ild	Read Replies (1) \| Respond to of 436258

RSA Rand is very strong. Miners are making money, but very little. At the same time the wages are growing 10%. RSA miner's costs are mostly wages. quotes.ino.com

To: yard_man who wrote (255775)	8/14/2003 3:05:52 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<I think the SA miners are not priced for POG=380>> Agree on this, although for them to really start moving we need either: 1) Sharp pullback in Rand/Dollar or 2) Sharp appreciation in the POG. Neither is all that unlikely, IMO...so my largest positions remain in SA golds.