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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (9448)	5/7/2005 2:54:02 AM
From: Taikun	Read Replies (3) \| Respond to of 37387

Crossy, Congrats. You bought a winner!! I bought into Aflease when it was still AFKDY.PK and it has been a double for me so far. I added some last week at $5.80 as I think you're right about assessing the upside here. I like Aflease more than some of the juniors, and I agree the embedded value of the gold operation is attractive, although I'm in no hurry to see them spin if off. In this market it is nice to have a gold component in a stock (like a hybrid) just in case everything were to go to hell in a handbasket. I was wondering if you adjusted your metrics on uranium content for purity? If I'm not mistaken, Aflease's resources are not assessed at the current standard and the reserve purity needs to be updated. I am not sure if Aflease's purity is as good as CCJ or ERA.AX for example. I do think AFLUY will become very interesting with the Toronto listing. Institutions have heavily increased participation compared to a few months ago. quote.barchart.com quote.barchart.com Cheers, D

To: Crossy who wrote (9448)	7/4/2005 8:38:41 AM
From: El Canadiense	Read Replies (3) \| Respond to of 37387

Aflease very strong recently, inching up to 52-week highs. Nice to see they are on track to deliver, with the first gold being poured at their Bonanza mine... imaraspreid.co.za Aflease - Gold and uranium mining junior Aflease is back in business as an active miner. Aflease Gold and Uranium Resources Limited (Formerly The Afrikander Lease Limited) (Incorporated in the Republic of South Africa) AFL (JSE) AFLUY (NASDAQ) (Registration number 1921/006955/06) ISIN: ZAE000061461 & Share Code : AFL Gold Pour - Bonanza Gold and uranium mining junior Aflease is back in business as an active miner. Today the first gold was poured at the Aflease"s newly developed Bonanza South mine near Klerksdorp, signalling a new era for the Company, which ceased gold production at Bonanza at the end of 2003 due to the strengthening rand. Aflease subsequently implemented its strong rand strategy of focussing on the development of its high margin gold and uranium assets. "We have undergone 18 months of transformation and reconstruction, a necessary but tough process," said Aflease CE Neal Froneman. "From today, we can say goodbye to our status as a development company, and can move forward once again as a mining company." "It would have been madness to lose money through uneconomic mining when we were clobbered by the strong rand," said Froneman. "Because we did not hesitate to take the actions necessary to reposition the Company, we are now in sound shape and can go forward as a productive miner." "We seem to have called the rand very well, as the timing of our 2003 closure was in the early phases of rand strength and our commencement of production comes in what appears to be the early phase of rand weakness." "Going forward, we will have a strategy of acquiring quality, shallow-level deposits to add to our portfolio. We will be acquisitive, but we will not overpay to acquire new resources," he said. Froneman recalled that Aflease had promised to bring Bonanza on line in the second quarter of 2005 "and we have met our target." Aflease also has its Dominion uranium project adjacent to Bonanza, which will benefit from the experience of successfully bringing the gold mine back into production. The first uranium is due to be mined early in 2007. Aflease recently announced an updated audited reserves and resources exercise, which resulted in the reserves and resources of Bonanza being substantially increased to 413,000 oz of reserves at Bonanza South, a 155% increase over 2003, at an average grade of 5.5 g/t. As well as gold, Bonanza has uranium resources. As a result of the updated data, a new mine plan is being compiled, and this will be announced once it has been completed. "In the past month or so, we have seen an encouraging boost in the rand gold price, and while one can never be 100% certain of future trends, we are confident that this is now a much more optimal environment for Bonanza to be brought back on line," said Froneman. "This is the first of three high margin assets to be brought into production - with the Dominion mine and our Modder East property being the others in our current project pipeline. " "While Bonanza is important, its success will not make or break Aflease. We have a strategy of developing a focussed uranium vehicle and a portfolio of gold assets which can be spun into a separate vehicle once it can stand on its own." Contact: Neal Froneman +27 (83) 628 0226 Carol Smith +27 (11) 482 3605 28 June 2005 Date: 29/06/2005 03:07:14 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department