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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (161196)4/21/2002 8:34:32 AM
From: orkrious  Read Replies (1) of 436258
 
and the likelihood of higher PE's would probably be certain. ( Barrick's current 101 PE, per Editor's note in my prior Editorial.


Patron, the one thing that you can bet on is that the above statement is going to be true. If gold takes of, the miners are going to be accorded much higher PE's, and 100 probably isn't out of the question. There's certainly nothing any of us are going to find wrong with a gold bubble <g>.

The other thing is DROOY's EPS will likely go much higher with a higher gold price. Even though their cost of production is going to go up as they bring on heretofore economically unviable mines, their sales increase will more than make up for their margin % loss.

Obviously, my statements apply to all the unhedged miners.
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