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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.04

+0.4%

Nov 11 4:00 PM EST

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To: goldsheet who wrote (70579)	5/29/2001 8:48:59 AM
From: russwinter	Read Replies (1) of 116753

I agree with the names expect perhaps Cerro Casale (need some help from Cu there), but little will be on line within a year of 350. You could add advanced names like Rosia Montana, Delores, Ntotoroso, Olympias (?)and Kisladag with another lag too. But I would characterize this as "replacement" of old depleting production, not "new" incremental supply. I definitely feel the emphasis will be on newer low cost deposits, and not just restarting old high cost mines. The former cushions price volatility better and eliminates the need for hedging (which will become an even bigger negative issue with investor and capital pools when the market hits the 350 level). What happened to your evolving individual mine production list? Couldn't find it at Goldsheets.

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