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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: baystock who wrote (1449)6/21/2001 3:49:54 PM
From: Claude Cormier  Read Replies (1) of 4051
 
<If gold stays at $275 forever even the explorers are not buys, including the likes of Francisco gold and Corner Bay. >

RR,

I am sure you will agree that a gold deposit that can produce at a cost sub $100 per ounce when gold is $275 is as valuable as one that produces gold at $175 per ounce when gold is $350. The same proposition is good for silver.

That is why BAY and FGX are valid investments now even if the metals do not move. They have such low cost projects with internal rates of return way above 25% at current metal prices.
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