Here Are 2011 Best Stocks for making more money -Part 3
This is 3 rd part of 2011-best-stocks for making more money No.9 Eldorado Gold (EGO) A gold mining company with extraction costs of $600 per ounce doubles its profits when gold goes from $900 to $1200. Another reason commodity speculation pushes up share valuations, so chances are you’ll make even more money. After all, the earnings growth rate becomes pretty spectacular, which can make a very simple company look like a Google. Eldorado plans to double current production by 2013 (even without its recent acquisition) – no decline here. What’s more, it’s reasonably valued – actually quite cheap – considering its earnings potential. "The company was founded in 1992, and has come a long way in a relatively short time, building to a recent market capitalization of $5.15 billion.”It owns the Kisladeg gold mine in Turkey , which produced 58,000 ounces of gold in the third quarter of 2009, and the Tanjanishan gold mine in western China , which produced 31,000 ounces. "In addit...