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Gold/Mining/Energy : Gold Price Monitor
GDXJ 113.82-6.4%Dec 29 4:00 PM EST
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To: Zardoz who wrote (56503)7/19/2000 5:31:58 PM
From: pater tenebrarum  Read Replies (1) of 116835
 
oh, btw, your assertion that $190/oz. represents fair value is nonsense as well. it costs $350/oz. to replace every oz. mined out now, that's the industry average.

all of South Africa's production becomes uneconomical at $230/oz.

since there is already a big primary supply/demand deficit your $190 fair price makes no sense.
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