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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Eva who wrote (2600)	3/20/2002 2:01:42 PM
From: russwinter	Read Replies (3) of 39344

This is one of the largest junior secondaries we've seen in this cycle. IMO it is very impressive, and more importantly I think the money is being put to good use, going after Dolores aggressively (which I've been calling for). There should be some excellent exploration leverage there. Kudos to Mark Bailey, good move and good timing! Some might wonder if that means a takeover will be postponed? Not necessarily, as the same scenario was played out right before the ABX's takeover of Pangea in early 2000. It actually puts even more pressure on the majors to step up.

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