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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (41924)	3/23/2011 6:29:17 PM
From: E_K_S	Read Replies (1) \| Respond to of 78711

Have you looked at Richmont Mines, Inc. Common Sto (AMEX: RIC ). Of the ones that Jack Straw suggested, this one popped up. In their latest annual report their average cost per oz is $808, they have no long term debt and not too many shares outstanding. They produced 68,123 ounces of gold in 2010. Company turns a profit. His other pick Brigus Gold Corp Ordinary Share (AMEX: BRD ) on a first take looked too commingled (from a merger last year), lots of debt and losses (due to shut down of some mines) and w/o going thru their reports in more depth didn't look that interesting to me. I am not too sure what the value metric I need to look at but it seems that any mine that is producing, should be able to turn a profit with gold at $1,438/oz. What are two or three specific key metrics you look at? I like to see (1) the average cost per oz of gold mined, (2) probable reserves available in all mines owned and (3) little or no long term debt and/or small number of outstanding shares. I need to go back and search the thread and other SI sites for more candidates. I think my main gold holding (AU) is too big. Over the last two years spot gold prices are up and AU's stock price has been flat. I think it is because of hedges they made that went sour. EKS