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


To: Gerald A. Lucker who wrote (157)5/25/1999 9:41:00 AM
From: Ray DeMoss  Read Replies (1) | Respond to of 851
 
The May issue of Gold Newsletter is OUT, this was the last report done by Jim Blanchard before he passed. The May issue is a complete report on Harmony.
Last November's letter was a report on DD and the figures below come from those reports.
Both reports explain the huge reward potentials and benefits for each mine compared to the other major gold stocks around the world.

Here is stock price vs gold price projections-
Harmony-
$8.24 @ $300
$10.81 @ $320
$22.47 @ $350
$34.88 @ $400
$56.28 @ $500 the % gain here is, 1151%

Durban Deep- THE MOST LEVERAGED G. STOCK IN THE WORLD!!!
$8.00@ $350
$22.00@ $400
$37.00@ $450
$62.00@ $500 the % gain here is, 2599%

As you can see DD has TWICE the leverage of Harmony.

Jim says in the May issue on Harmony, "The only
company in the world that beats that value on the basis
of reserves is Durban Deep"!

I have been in contact with my SA managers on these price projections and with Dennis Tucker who now works for The Corner House which is a financial advisory firm.
Comments were made that the DD price projections
were done in a '98 report and the current value and leverage for Durban Deep has grown by leaps and bounds due to the acquisition of the Crown property.

DD and Harmony are THE best two gold stocks on the planet! IMHO
Tally Ho,
Ray