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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?

To: Dave Johnson who wrote (31)	10/22/1998 9:25:00 PM
From: Dan P	Respond to of 851

Dave: Good points indeed. I also exited from the majors recently, and we'll have to see where gold goes from here. No question that they follow the commodity. If gold can't break the 305+ area, these stocks may not do much. On the other hand, those that have markedly increasing production or have made a major discovery will do well, but they are few and far between. Cheers Dan

To: Dave Johnson who wrote (31)	10/30/1998 5:43:00 AM
From: LORD ERNIE	Read Replies (1) \| Respond to of 851

My opinion after some research about DROOY is that they have made a big cut in coasts, and that their earnings will go up. For the moment I think it is the earnings that will make the stock go up. IF you know that for the most mines, when you take ( shareprice x outstanding shares / ounce gold in the ground ) the averadge is arround 70$ a ounce. When you do this for DROOY it is less than 10$ a ounce. Therefor DROOY is the place to be for the moment.