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Gold/Mining/Energy : Precious and Base Metal Investing

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To: marynell who wrote (2270)	3/8/2002 10:19:55 AM
From: russwinter	Read Replies (1) of 39344

<Isn't the San Nicholas deposit uneconomic?. Borderline, as is nearly every zinc/copper mine and prospect on the planet. Pencils very good on a relative basis however: top quartile. My primary interest in WTC is the Penasquito silver target. <"Mostly I've gone into some cash."> Not sure you fully read my remark. "Mostly into cash" with one position BAY (of about twenty). I'm not that heavily into cash, maybe a 20-25% stash (if you count FGX) of my PM allocation. At one point (at the bottom) I was, shall we say "overexposed" almost to the point of recklessness, so this is just a pull in to more rational levels. <Nevsun will likely decline to C$0.30/share, and MNP could see C$0.8/share. Our cash may look great this December.> If I waited on the prices you mentioned, I might as well shut er down. I would buy well before those levels.

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