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Gold/Mining/Energy : PLAYFAIR MINING - PLY . V

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To: Claude Cormier who wrote (246)7/30/2001 2:16:32 PM
From: russwinter  Read Replies (2) of 505
 
That's exactly my take. About three fourths is in the red on a cash cost basis, and even the fourth that's not in the red is failing to adequately cover capital and replacement costs. This is even worse than gold, and suggests serious supply problems down the road. I am shocked about the state of worldwide mining in all these metal commodities. Prices simply fail to justify production.
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