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Gold/Mining/Energy : Gold Price Monitor
GDXJ 117.61+3.0%4:00 PM EST

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To: long-gone who wrote (81551)2/5/2002 1:16:32 PM
From: goldsheet  Read Replies (1) of 116815
 
The ugliest hedgebook in the world is probably Newcrest,
which is why their stock is lagging amongst the Australians.
I do not think, however, they will be around long enough to
implode. More likely they will get acquired by a larger firm
and the risk diversified, better managed, and eventually
eliminated.

I think anyone who survived the last 5 years and produces
over 500,000 ounces will make it. There are 25 companies
that meet that criteria, 7 of which are base metal
byproduct, leaving 18 decent size gold mining companies.

Anglogold 6983
Barrick Gold 6120
Newmont 5803
Gold Fields 3613
Rio Tinto plc 3582
--------------------
Placer Dome 2859
Freeport C&G 2645
Normandy 2442
Harmony 2294
Ashanti 1657
--------------------
Noranda 1246
Goldfields Ltd 1071
Durban 1044
Buenaventura 1036
Kinross Gold 960
--------------------
WMC 828
Lihir Gold 718
Newcrest 703
Echo Bay 703
Sons of Gwalia 693
--------------------
Cambior 615
TeckCominco 565
MIM 535
BHP Billiton 528
Goldcorp 492
--------------------

ARM should do 1moz in 2002 and enter the list at #15
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