Claude you made the News, but the info on AEM,
Well , what about the new production, ?????
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thestreet.com
Agnico Eagle (AEM:NYSE - news), an old-line
Canadian miner that produced about 90,000 ounces of
gold in 1999. It's working through some lower-grade ore
this year, resulting in higher costs and a widening loss.
But its finances are reasonably solid, and its exploration
program is aggressive.
For those of you suffering from tech stock withdrawal,
there are lots of smaller, more speculative mining stocks
out there. Most of these "juniors" are developing gold
deposits that are not yet producing, but might sometime
soon. "These have extremely high leverage and are the
kind of stock that can move five or 10 to one," says
Cormier. His pick in this sector is Francisco Gold
(FGX:CDNX), which "has $2.50 per share of cash in the
bank, gold valued at $10 a share and sells for $5" (all
figures in Canadian dollars).
So is gold going to $800 an ounce again (from the
current $300 or so)? Not unless China invades Taiwan or
Iraq nukes Saudi Arabia. But it's certainly possible that
some of the better mining stocks will outperform B2B
and wireless stocks in the coming year.
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Need to be more Positive, Gold is emotional, it loves you.
be nice to it /////////////>>>>>>>>>>>>>> |
