Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: baystock who wrote (2089)	3/1/2002 2:35:57 PM
From: Claude Cormier	Read Replies (1) of 39344

RR, <If they were really profitible at current gold prices they wouldn't be selling their assets so cheap.> The reality is probably that Manantial is not worth more than what they got. The property needs at least $6 silver before it goes to production. Manantial can make sense for companies like SSRi and PPAS who are accumulating an inventory of sub-economic properties... but it doesn't make sense for BHK. Still I agree with you that they (BHK) are not highly profitable. Their costs have been climbing in recent quarters...and that is why the stock has been a laggard.

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