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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.09

-13.6%

Jan 30 4:00 PM EST

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To: long-gone who wrote (34963)	6/8/1999 7:34:00 AM
From: E. Charters	Read Replies (1) of 116955

Well reread my Paen about le sujet encore. I know how we can profit on gold, not wildly but very certainly and continually. Many producers with positive feasibilities whom I happen to know now cannot find money despite their including the present low price into their calculations and producing a positive bottom line. Much of the present malaise in financing is due to sentiment not hard- headed reality. This affords an opportunity to offer the financings at a premium and earn good interest on the money. All that has to be done is to gather a consortium of shareholders who will jointly offer the financing by borrowing gold in order to finance good enterprises that can deliver. I have researched the opportunities and will tell you from my mining engineering background that despite the anemic price there are some producers who are still low, low risk. The advantage here is the low risk and borrowing leverage. Perhaps only 1 million need be raised to borrow and finance up to 20 million where producers with feasibilities have demonstrated a carefully calculated return. mailto:echarter@grubstake.on.ca

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