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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Rarebird who wrote (50825)	3/28/2000 3:35:00 PM
From: Ken98	Read Replies (3) of 116768

<<some of these gold stocks will be trading at book value>> Rarebird, some already do. Take a look at Glamis trading at $1.75 with a book value of $2.16 and no debt and $50M in cash on the books. Hecla is trading at less than $1.50 and has a book value of $2.11. Both of these companies value their reserves fairly closely to the current market and should not have any further impairment charges if prices remain reasonably constant. I am sure there are other metals stocks trading in a similar fashion. Regards, Ken.

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