GREY:HRIVF - Post by User
Comment by
katchumon Nov 03, 2010 5:32pm
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Post# 17653412
RE: Observation....
RE: Observation....ELD has much more gold reserves, more than double the amount. Their production will increase to 1 million ounces in 2013, while HRG two mines will be depleted by 2013. Lower costs at ELD gives less risk of faltering in profit margin, when gold would go down.
ELD is correctly priced in my opinion and so is HRG.