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Easy money in gold has been made - Piet Viljoen, RE:CM

In an interview on Radio 2000 @ 18:40 on Tuesday, 17 January 2006

[miningmx.com] -- TO FIND cheap gold stocks one now has to look at the smaller, lesser-known stocks that don’t dictate the index, said Regarding Capital Management (RE:CM) analyst, Piet Viljoen.

“At present, index stocks, like AngloGold, Gold Fields and Harmony, are very, very expensive. Which is why it comes as no surprise that Anglo American are selling down their gold stake,” said Viljoen, who was speaking on the week nightly business show broadcast on Radio 2000.

Viljoen went on to say that a gold stock such as Simmer & Jack was an example of a cheaper stock to invest in.
To find cheap stocks look smaller
“This (Simmer & Jack) is a stock that T-sec gold analyst Nick Goodwin highlighted quite a while ago and it's still not an expensive stock on any fundamental type basis. It’s still a small company and large institutions cannot buy it and that’s why it’s still less fully valued than some of the other gold companies,” said Viljoen.

Viljoen also added that he felt that the "easy money" in gold had already been made.