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

To: russwinter who wrote (33544)	12/23/2004 10:05:30 AM
From: loantech	Read Replies (1) \| Respond to of 39344

Russ you may have seen I started a thread since everyone else has too. <g> I know you are busy but make a stock pick for 2005 anyhow. Gold or silver related. I mentioned you in a post: Message 20883578 siliconinvestor.com Merry Christmas Russ and thank you for all the years of your great and wise contributions. Tom

To: russwinter who wrote (33544)	12/23/2004 11:25:18 AM
From: ogi	Read Replies (1) \| Respond to of 39344

Yes it is a jungle out there and any developing asset could be subject to the NIMBY effect. Great call on the market in 03 Russ. I think there are undervalued asset plays out there that will see appreciation. Two that I own are MMM Minco Mining and Goldrea. Minco I view as very low risk right now with defined deposits of both gold and silver and multiple opportunities for blue sky. Goldrea is far more speculative but owns exploration rights surrounding and underneath an operating 65,000 oz per annum mine. Ironically,that mine is right up against a town and there is mineralization known to be under the town.The mine operator has done exploration drilling on what has become Goldrea's exploration block indicating 700,000 ozs and they still have around 1/2 mil ozs in the pit. Goldrea has the right to purchase the mine. Now both Minco and Goldrea are in China which I think pretty much eliminates the NIMBY factor. As far as general country risk, that is a different assessment but I am comfortable with China. Anyway, these two are worthy of DD. Cheers and best wishes this Christmas Russ, Ogi