Forum Archive Index - January 2003

["Lazy Haggis" <lazyhaggis@hotmail.com>]

Following on my previous message (Gold Outlook), one such Gold Yield stock 
is Australian producer Bolnisi Gold BSG, which has just had an excellent 
write up in http://www.minesite.com

The article concludes ...

"In the meantime gold production in Georgia has been hit by an early start 
to winter, but overall production for the year is still expected to be 
around 80,000 ounces of gold. On this basis Bolnisi’s overall production 
should rise from an attributable level of 40,000 ounces in the year to end 
June 2003 to around 80,000 ounces in 2004 and over 100,000 ounces plus 
15,000 tonnes of copper by June 2005. This is quite a transformation and 
investors are only waking up to it slowly."

BSG also has a low P/E of about 7, and a dividend yield of about 4% at the 
moment. Many US/Canada/South Africa gold stocks have P/E's of over 30, so 
with Bolnisi Gold lagging behind other stocks at the moment (catch up due), 
and gold on the move up, it doesn't take too much brain power to work out 
BSG's potential.

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