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Gold/Mining/Energy : Precious and Base Metal Investing

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To: goldsheet who wrote (37)	10/25/2001 11:54:00 AM
From: russwinter	Read Replies (2) of 39344

Looks like another undercapitalized junior somewhere gets Getchell at pennies on the dollar? From Infomine: Placer Dome has written off its 100% interest in the Getchell Mine in Nevada, according to the Canadian Press. Jay Taylor, Placer Dome's president, said that the company was "disappointed in our findings at Getchell." The company announced that it will sell the stockpiled ore to Newmont, while it "determines the best means of maintaining the option value of the property." Placer Dome bought the Getchell Mine by purchasing Getchell Gold Corp in 1999 for US$1.085 billion. Earlier this year, the company wrote down part of its investment in Getchell, but continued exploration activities. Even my pessimistic odds now look high.: Message 16070316 Message 16069004

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