Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Exsrch who wrote (423)	6/26/1999 11:20:00 PM
From: Ron Everest	Read Replies (1) of 48092

Appreciate your comments. I believe that there is so much shut in reserves and reserves that have been taken off of the books due to low gold prices. ABX will weather the storm unless gold really tanks, like below $200, whence it would still be protected for 3 years. If prices rise dramatically Barrick will increase production from shut in reserves. Gold over $385? A very long shot IMO, however, if AU price did rise above this, someone stated that ABX would perhaps participate @60% of unhedged players, ok, that is good for the security of the longs. It would also be another certainty that ABX would have the credit status to sell forward another 12 or even 20mm ounces and take care of many more future years of production. You mentioned downsides? What downsides do you see? Best regards,

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