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Gold/Mining/Energy : Tan Range
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To: bc who wrote (34)1/7/1998 1:15:00 AM
From: Ron Everest   of 122
 
Thanks for your efforts in posting the information gleaned. I also read somewhere that production costs would be in the US$150 or less. This bodes well for TNX. I recently posted some ABX news releases which named Sutton as a buy. Well, TNX is also a buy in that event. Recent hype in Gold Newsletter states that TNX could establish larger reserves than Sutton. Drilling will have to prove this.

The negative spin on AU for the past almost one year is not encouraging. One could conclude that the US is orchestrating part of this negative spin, however, conspiracy theory aside, there is a lot of evidence that the European Monetary situation has a lot to do with the selling or threat of selling of AU. My view remains that essentially supply and demand are the main factors. AU willl allways be money IMO and will come to the fore again.

TNX seems to be a low cost bet on AU.

Best regards, and, thanks again,
Ron E
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