what really is the best gold stock., page-8

what really is the best gold stock. GLN is close to announcing the go ahead (or otherwise) of the old PEM mine now that they have over 1m oz with cost est aound A$400 - $450 per oz & sell price currently of about A$670 & with (say) 100,000 oz per annum a tidy profit for a newcomer. It was way undervalue at 13c & has since hit 19.5c along with the rising gold price & in anticipation of a start up mid 2006.

GRY

There are of course many small exporers with an in ground resource that are 'under value' & as the gold price trends up over US$500 they will also go up. The 'trick' is to get on the ones that move first, who is drilling, results due etc etc. In regard to results due one could do worse than look at GRY.

I hold ADU, GRY, GLN, GLNO, HDG, AXC