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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (24353)2/25/2005 7:52:50 AM
From: Earlie  Read Replies (1) | Respond to of 116555
 
Earlie from Earlie:

Over this past two years, I have occasionally mentioned a favorite junior gold exploration company, Greystar Resources (GSL - TSX). Delightfully, it has provided good returns for those who saw fit to acquire it (at this end, it is already a "multi-bagger"). Several folk have PMed me asking for an update.

An astute investment acquaintance of mine recently sent me the following observation.

"Did you know that Goldcorp has reserves of 6 million oz. proven and inferred (announced today). GSL has 7 million oz which will likely be revised higher in the near term. Yes, Goldcorp's mines are in Canada (are they not?), but what is
the discount for Columbia?
Goldcorp's market cap is $3.2 billion Cdn...GSL is less than 4% of that amount..."

With all the big "miners" hunting for juniors with big reserves, and with the Columbian political situation improving (several large US corporations have quietly commenced re-investment in Columbian commodity activities) sooner or later, GSL will be acquired. The company's large drill program (9 drills on property) should bring the main ore body up to "proven" within the near term. As the company has plenty of cash (a dollar per share), it will not be acquired cheaply.

Still fairly inexpensive at CDN$ 4.00 and I expect things to heat up this spring.

Might be of interest to those who like the junior golds.

Best, Earlie



To: Earlie who wrote (24353)2/25/2005 9:38:49 AM
From: Crimson Ghost  Read Replies (2) | Respond to of 116555
 
An observation that might be worth thinking about:

The two biggest holders of US debt -- Japan and China -- both have experienced large scale US killing of their citizens not too long ago -- Japan in World War 2 and China during the Korean War. Indeed China was branded enemy number one by the US during the 1960s.

The Asians would less than human if they did not have at least a subliminal desire to even the score at an appropriate time.


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