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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Claude Cormier who wrote (853)	12/12/2001 4:33:14 PM
From: russwinter	Read Replies (1) of 39344

<Great Basin Ivanhoe project> Sure did, market is now pricing those very low cost (and expandable) ounces at $10 an ounce (off of EV). And they simply have to toll it to nearby mines. Capex is only $20 million and then they can explore for more, cheaply, underground. Did you notice how quick sellers offered stock on the little surge after the news? I talked with GBG (like I am with everybody now) about the non-public market (I see where volume on the CDNX is down 80%) in these stocks, and asked what they were going to do about it. Apparently the $40/oz an ounce they would like from ABX, NDY, or NEM to realize true value isn't in the offer, so they've just decided to create a new mid tier. And this one could be a dandy. Let's see we'll have BAY, ELD, GBG, NGT/AAS, FGX?, NSU likely going that route. biz.yahoo.com

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