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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: ogi who wrote (3109)12/12/2005 5:30:21 PM
From: Land Shark  Read Replies (1) | Respond to of 78419
 
Tinsley hitting would be nice... At best, worth about $8/sh in assets.

Don't forget the Lavaca prospect, which they're drilling at this very moment. It's probably worth a $0.75/sh if that one hits (but much of that is already priced in probably).



To: ogi who wrote (3109)12/12/2005 9:25:54 PM
From: DetectiveT  Read Replies (2) | Respond to of 78419
 
Hi Ogi,

Join the "stupid hits" club! I should know better than to gamble on some of these drill plays after watching Playfair, Golden Goliath and Mustang crater on bad holes a few year back. I do also remember the Cartaway implosion in 96! Of these I only got hit by Mustang.

I too like to play it safer on asset and developer plays.

Thanks to you and and YIELDS for your perspective on DJE.

I like the near producer plays like EPM. If Copper can stay at $1.50+ and gold at $500+ it will be a cash cow even with the hedging. A gold guru and executive of Newmont, Pierre Lassonde in his GOLD BOOK discusses a strategy of buying a near producer a few quarters before production. So hopefully this nearing production effect plus gold appreciation will give EPM a good push in the next few months. I agree that once EPM is in production a few quarters ie in about 18 months then it gets revalued up further as an actual gold producer. If POG is over $600 at that time then 4$C on EPM stock and 2$C on the warrants is very possible!

Cheers,
Terry