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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: IngotWeTrust who wrote (2899)11/14/2001 1:40:41 PM
From: Zardoz  Read Replies (1) of 4051
 
1) for every $25 rally in the price of gold it lifts earnings $162,000...if y'all run the calculations and decide what that means per share, price wise, tucking away this fact should make writing put strategies like taking candy from baby.

Comes out to: Every $25 increase in gold will equal $162M, or $0.56 per share based on fully dilluted; and not including taxation and good will. But what about the downside of gold? What about the higher taxes at this level? What about loss of cash reserves? Right now the same $25 POG increase adds $0.79 to the Nem share price, but this is just a preseumed way of hiding the effect of valuation. His comment on CNBC is really a moot tactic to deflect poor managment and to bolster the share price.
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