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Gold/Mining/Energy : ECHARTERS

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To: Taylorm. who wrote (2240)	1/18/1998 10:47:00 PM
From: E. Charters	of 3744

TVX is a company on the edge like many gold companies that are high cost and in debt. Their greek franchise is in doubt and in court. I cannot really say what their chances are. Gold is squeaking. It is hard to plan an open pit at two different gold prices. (Impossoble.) You must predict it ten years ahead and build the pit on that price average. Otherwise you take too little gold in high prices. Gold is the key not companies. Don't take on debt companies right now. Unless you are an optimist with a belief in the particular company pulling through until gold comes back. I believe gold will come back. I am not sure the companies will. Be a flinty eyed realist when you speculate. ------------------------------------------------

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