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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (2239)	1/2/2005 9:57:49 PM
From: Rocket Red	Respond to of 18308

Looks like Rng should be trading at higher values than it is?

To: tyc:> who wrote (2239)	1/3/2005 10:31:06 AM
From: ogi	Read Replies (1) \| Respond to of 18308

Rio Narcea is a good company and I like Management. Don't own it now, they have struggled to grow the company and have been successful at adding resources and new mines. Two things one should investigate which I do not know the current status of are: 1.Their balance sheet, they have been heavily levered in the past but did show good sensitivity to paying down debt. 2.The amount and quality of reserves in their gold mining operations. Is declining reserve quality an issue? Dynatec DY.t is another junior with a big nickel property. They are awaiting feasibility study. A diversified and well run Co. with strong JV's, I don't own it. Cheers, Ogi