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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: TheBusDriver who wrote (53432)	5/31/2000 12:29:00 PM
From: goldsheet	Read Replies (1) of 116779

> the gold producers to hedge gold in order to guarantee profits to get $$ loans for exploration? Not really for exploration, but project development. Gold loans are often one of the easiest/cheapest ways to finance a project. Rates are as low as 1-2% and usually 10% of reserves to back the loan is enough to fund the project. More shares do not get issued to dilute shareholder equity and high interest rates on traditional loans, bonds, or convetible bonds do not have to be paid. Some of the smaller gold operators have found this to be the only way to get their projects into production.

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