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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: Gersh Avery who wrote (70986)	6/1/2001 12:57:47 PM
From: goldsheet	Read Replies (1) of 116816

> Nothing much .. they just substantially increased their reserves I know they picked up Cowal from Rio Tinto, but it is under a 10% increase in reserves (substantially ?) Is there another news release that I missed ? They got a fair deal, about $30M for 2moz mineable, $15 per ounce (with possibility of expansion). Just need to see how much capital they need to spend and projected cash costs. > Nothin' to worry about .. it's only gold. Yes, that is the downside, it will add another 200,000 of annual gold production to the marketplace.

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