Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

ABX 8.190

+1.6%

Jan 6 3:59 PM EST

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To: nickel61 who wrote (1527)	12/13/1999 8:04:00 PM
From: Investor-ex!	Read Replies (2) of 3558

Hi nickel61, Thanks for the heads up, but your "stunning revelation" about Barrick's exposure above $600/oz was made public two months ago. Message 11630332 If you are bullish on gold, the prudent approach would be to hold a stable of miners with different characteristics -- juniors and majors, both (reasonably) hedged and unhedged. Try to find companies with: Growing reserves Strong balance sheet Good management Geographic diversification Low extraction cost On the hedged miners, try to find companies that have adequate reserves and enough annual production capacity to safely carry their commitments. ABX is at the edge of this requirement, but, for now anyway, I believe they can pull it off. Let me know when you find a 100% fool-proof investment with zero risk and no need for analytical thought. Take care.

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