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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.27

+3.5%

Jan 12 4:00 PM EST

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To: Ken Benes who wrote (48080)	2/5/2000 11:45:00 AM
From: russwinter	Read Replies (1) of 116852

True, but since these businesses are capital intensive, you have a disinvestment phase first. If companies are underwater, they layoff the labor, mothball mines, and then defer maintenance. Exploration? Forget it. Then the lawyers work on it. If it's abroad that may take awhile. Then they finally take over, bring in people to run it that don't give a damn, and you now have a mine with a former cash cost of $275, producing at $325. Congratulations, you are now in the mining business. Would serve 'em right. Then if they are lucky they bring a solvent producer. Only problem is that most of them like $200 and under cash cost.

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