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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.70-0.3%Dec 5 4:00 PM EST
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To: re3 who wrote (57424)8/19/2000 8:14:53 PM
From: goldsheet  Read Replies (2) of 116796
 
> the cost an investor is paying per $ of reserves

It is calculated in my downloable spreadsheets
goldsheet.simplenet.com

I do a weighted average for reserves.
100% of P&P (proven and probable) + 70% of M&I
(measured and indicated) + 50% of GEO (inferred)

Here's an extract:

Company P&P M&I GEO TOT $/oz
---------------------------------------------------------
Anglogold 126.0 382.0 393.4 10
Newmont Mining 56.6 27.0 75.5 40
Gold Fields 95.8 157.7 206.1 8
Barrick Gold 59.3 16.8 71.1 96
Placer Dome 65.9 23.9 82.7 36
Harmony 27.0 259.7 208.8 3
Freeport C&G 70.1 70.1 20
Homestake 21.0 21.9 36.3 39
Normandy Mining 7.0 9.9 13.9 85
Ashanti 23.0 5.3 26.7 10
Durban Deep 15.3 44.6 42.6 67.8 2
Kinross Gold 6.3 20.3 0.4 20.7 11
Franco-Nevada 8.6 13.8 18.3 105
Newcrest 8.5 21.3 19.2 32
Echo Bay 5.8 2.1 7.3 10.9 11
Battle Mountain 10.8 5.3 14.5 32
Cambior 5.2 4.1 8.1 3
Lihir Gold 13.4 29.1 28.0 15
Delta Gold NL 1.8 7.2 6.8 26
Teck 3.4 0.5 3.8 222

Also, I wanted to comment on Teck, which I think is
undervalued. It has a market cap of $US840, but hold 50%
of Cominco worth $US550M, indicating a value of $US290M for
everything else. One gets a lot of assets, including Teck
Gold, which should/will get spun-off someday.

P.S. Still working hard on my quarterly production table
goldsheet.simplenet.com
I have over 60 firms listed, and am looking for more !
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