re: *** which gold stocks to buy G'day siameseparrot.I reckon...

re: *** which gold stocks to buy G'day siameseparrot.

I reckon Jim Wall's BMA Gold (BMO) might meet your criteria.


"1. Unhedged low cost producers." - BMA start producing in December, they are totally unhedged and management believe that Gold has commenced a major upswing.

"2. Cashed up juniors upgrading a resource."
BMA will be using their early cash flows to continue drilling to further define the resource at Twin Hills and have gon on record last month (Resource Stocks magazine, Sep-Oct edition) saying they are very confident of adding to existing reserves: "Twin Hills is comparable to the Pajingo-Vera Nancy deposit, where the initial discovery was only the tip of the ice-berg". "Wall is optimistic of extending the mine life (and reserves) much further"

5. Cashed up explorers. Once Twin Hills starts producing, BMA will be cashed up. They have no debt at all. Rights issues in Jan-05 & Jul-05 (which were fully underwritten) provided all the necessary capital to take the company into production.

I should add that I hold BMA Gold (Code: BMO) and, naturally< I like their potential very much.

I expect them to be re-rated once production commences.

Coop