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Gold/Mining/Energy : BLACK HAWK (TSE:BHK)

BHK 9.560

-0.9%

Nov 14 4:00 PM EST

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To: gilbert leblanc who wrote (368)	1/13/2000 1:28:00 PM
From: baystock	Read Replies (1) of 545

<Never forget one thing, if BHK reduce the cash cost at El Lemon mine, they will do better if the price of gold stay at this level. If the POG go down, they could do better. If the price for example go below the price of their putt position, they are in a winning position.> What you say is true. But the reason I buy gold mining stocks is because I believe (or hope) that gold price will go up a lot. And I only want to own shares in companies which will benefit from a possible large increase in the gold price. If one is not positive on the gold price why even bother owning mining company shares ? Ram

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