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Re: George the Greek post# 261213

Thursday, 06/24/2004 1:54:27 PM

Thursday, June 24, 2004 1:54:27 PM

Post# of 704019
It's one of the cheapest golds around I know on a reserve basis. No debt, and their JV coming on-line during the next 1-2 years hopefully will pay for more development in SA without dilution.

Of course, this board does a much better job of telling the story. It'll do well if gold stocks advance here, but it won't go balistic until gold breaks to new highs north of $450. If you suspect gold to stay in a range of high 3's to low 400's there are probably better plays ST, IT, but I suspect gold is in a very LT bull as such I want a few issues to hold LT here given the recent pullback in the shares in general.

http://www.investorshub.com/boards/board.asp?board_id=1750

I'm more of a risk/reward investor. On a risk/reward basis this is one of the better plays in the sector, but others may outperform ST, and IT. But if we go above $500 POG and higher that's where this could be a 5-10 bagger over 1-3 years (imho).

Do your own DD though before buying. Just my swag.

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