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Re: Joeiniowa post# 19

Thursday, 03/22/2007 1:08:43 AM

Thursday, March 22, 2007 1:08:43 AM

Post# of 102667
What I like about the business in general is that it is not dependent on technology and the potential for it to become obsolete and we aren't waiting on any FDA approval for a wonder drug.

This business is essentially about blocking and tackling. The gold is there, the reserve reports show it and all they need to do is extract it, mill it and sell it. Maybe easier said than done but you get the idea.

It's simply a pretty straight forward business, easy to model with numerous comps in the space. As they report financials in the future, we should all get a better feel for the potential here. As we speak, I'm cautiously optimistic that potential is "substantial"

SM

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