THE TOP 20
20 SIMMER & JACK


Total score: 55; Historic score: 25; FM's score: 30


This ancient mining name represents a company that has gone from being a marginal player to a solid, expanding operation. Its investment in plant and new technologies makes the exploitation of old operations such as Transvaal Gold Mining Estates at Pilgrim's Rest a realistic proposition. Cash flow has improved to become a major source of funding for new projects. The company has also secured sufficient independent power supply to ensure that future Eskom power shortages do not affect production at First Uranium projects. A strong gold price has been a boost and some observers expect it to go much higher in the next few years.



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