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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: rubbersoul who wrote (63112)10/16/2006 3:20:48 PM
From: zoo york  Read Replies (2) | Respond to of 312820
 
Hi John!

Sorry I did not see your question sooner. I am traveling a lot lately so its hard for me to keep up with the forums.

I think highly enough of OSK to try and buy more, but of course I missed getting filled by a few pennies and it has run about a buck per share higher since we met earlier this month. That pisses me off, but I still think the company is a no-brainer right now. They are supposed to release the resource estimate soon, which I hear will come in around 3 million ounces of gold, and they continue to hit wider intervals of higher grade ore than they originally expected, and have found entirely new zones on top of that. When its all done they will probably have 5-7 million ounces of gold in that deposit, and even going with a $50 per ounce in the ground value, there is a lot of upside yet to go in the share price.

IPT is a mystery to me. The new acquisitions announced today are great, and the company is building a base now in Zacatecas to go with their huge Royal Mines project near Mexico City, but the stock gets no respect. They are profitable, well funded, have 2 mines in production, excellent ore grades, and strong management, yet the market seems to want no part of this company. I have over 60K shares so I want to see it go higher, and I have been adding to my core position, but its a wait-and-see right now.

cheers!

COACH247