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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (26071)	12/30/2003 12:34:47 PM
From: E. Charters	Read Replies (2) \| Respond to of 39344

I will sell everything Wildcat will ever own for 200 dollars a share right now. EC<:-}

To: TheBusDriver who wrote (26071)	12/30/2003 5:40:58 PM
From: Elizabeth Andrews	Read Replies (2) \| Respond to of 39344

I have just about finished a new list of companies that I believe are either takeovers or the market will be conditioned to believe will be takeovers. I don't really want to argue about this point but just want to identify those that fit the general concept. The US$ gold price is only a partial driver here as the majors are under real stress to replace reserves of all types, so their valuation parameters may not be as pristine as last year and a more than a few surprises may be in the works. The first criterion is of course a mineral deposit of some sort but deposits, especially gold deposits, are complex. It doesn’t make a lot of sense to be discussing these complexities as most are beyond the scope of this board and we just have to leave that up to the buyer and the seller. In this high-pressure environment there will be mistakes-lots of them, especially by the buyers and developers. The stocks to beware of are those juniors whose properties have not undergone third party due diligence and especially those that management intends to place into production without ever having done so before, or without the technical assistance of a major who knows these things. I can relate many charred examples of both to refresh memories if you are so indulgent. The second criterion is that the company has to have money and management has demonstrated the ability to finance in good and bad times. It is also a good thing if management has a promotional track record, especially now. The third is that the prospect must have significant upside, so that the market cap can at least double from here, remembering that many of those on my list have already doubled, tripled and more over the last few years. The fourth and most difficult is the exploration bet. This component should never be a large percentage of your portfolio but at this point in the cycle there is going to be a wave of money by majors and others into grassroots exploration and there will be some huge winners from this sector. The metal focus is copper, gold, nickel, platinum and silver. Send me a PM and I’ll return ASAP.