Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Claude Cormier who wrote (971)	12/21/2001 11:29:39 AM
From: russwinter	Read Replies (1) of 39344

<to replace reserves need 15, five million ounce gold deposits a year> I think they'll find one tops next year. I doubt that even 25% of reserves are being replaced right now. Just dwindling away. Plus they will likely need to state old reserves to 275 POG at year end. Won't be pretty. Makes little sense to own most these majors and they will have to overpay for paper shuffling most existing production. Nothing ventured nothing gained as they say. RTZ never even bothered to sink a drill bit on this one, but at least IMR got some free work done. Should make Tenke feels better about Vicuna at any rate. Do they walk away from Cukurdere next?: infomine.com

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