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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (4027)	1/5/2004 1:39:14 PM
From: Eva	Read Replies (1) \| Respond to of 4912

Date: Mon Jan 05 2004 13:04 trotsky (@DROOY) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved well, my near term target of 3.50 has been blown away with ease. the next target that comes into play is the 4.25 - 4.30 area. if it surpasses that, the longer term target of 5.50 - 6 becomes viable imo. i've noticed that in the discussions of DROOY, no-one even mentioned its stake in Porgera. but it should be mentioned. Porgera is a cash cow, and will contribute significantly to earnings at current gold prices. as for the ailing NorthWest ops., the mine has been restructured and should be at least cash flow positive at this point. it's the millstone around the company's neck - but it's also where DROOY's Rand gold price leverage is at its most pronounced. provided the PoG remains firm, the stock should continue to do well, now that various important areas of supply have been surpassed on the chart. it's a bit like CDE and BGO back when verybody was still whining about them, just as they were about to take off. surely everybody remembers how i pounded the table on both to the sounds of much opposition when they were still sporting 1 handles. the similarity is also in the respective fundamental changes - with Porgera and the pending NW turnaround, DROOY has now a story to tell, just CDE had one with Martha and BGO with Kupol and the Petrex assets. QED, as they say.