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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?

To: Texas77 who wrote (797)	1/1/2005 6:36:12 PM
From: ubetcha	Respond to of 851

Dave, That is a hard question to answer. The current price of gold makes them profitable in $, but they have to pay their costs in Rand. This means that profitability is dependent on both the gold price, and the strength of the rand. They are currently making a cash profit not counting depreciation. The two factors are why they are investing in Australia. Since they are big in the US market, I think that they will be a big mover when the price of gold goes up, and that will happen. I also think that the Rand has to get weaker. Africa can not sustain a buy all the worlds products like Merica. This could lead to a double hit for Drooy, and I mean in a good way. Let us keep our fingers crossed. Drooy is my largest holding. Terry

To: Texas77 who wrote (797)	1/12/2005 12:37:07 PM
From: Jane4IceCream	Read Replies (4) \| Respond to of 851

Dude, if you liked DROOY then, you'll love DROOY now at 1.38! Jane just started a position here. Jane

To: Texas77 who wrote (797)	1/19/2005 3:59:38 PM
From: Carl R.	Read Replies (2) \| Respond to of 851

They need a price of about 2800 to break even, from my recollection. The current price is about 2550, up some from the recent bottom of 2400, but well down from the 3000 it was not long ago. Until gold breaks out from the multi-year slump in Rand, don't look for a profit from DROOY (or HMY). The one thing that will help DROOY is if inflation gets out of hand in SA, and the Rand dies. Given the government of SA, you'd think that will happen sooner or later. Carl