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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: Stephen O who wrote (1616)7/16/2001 1:05:59 AM
From: baystock  Read Replies (1) of 4051
 
I never said they won't find more gold to mine. But unless you can answer how much it will cost per ounce to prove up and develop more mineable reserves, it is misleading to state that they will be left with piles of money. The replacement cost needs to be taken into account since it is not their plan to close up shop in 3 years time when their current reserves are depleted.
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