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Gold/Mining/Energy : Barrick Gold (ABX)
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To: nickel61 who wrote (2213)3/29/2002 5:13:49 PM
From: nickel61  Read Replies (1) of 3558
 
Barrick BetsePost Open Pit mine collapses and burys under 70 million tonnes of rock the very high grade Deep Post underground mine located directly under the Betse Post Open Pit mine....What do you think that does to their forward sales delivery program....Enigma? Screwed is the word my friend...Do you find it interesting that recently Barricks Betze Open Pit in Nevada failed a little earlier than expected bringing down 70 Million tons of rock. Guess where it landed ? On top of the Deep Post underground mine, burying 180,000 ozs of gold forever. And my my not a word in the press. Why ? Because the failure was expected ? Maybe, but not the loss of the ounces in the Deep Post !!!!!!!!!!! Ounces that may be important to delivery into thier hedge ? This information came to me at an annual mine safety refresher class given by the State of Nevada so I am confident of the accuracy and I hold no shares in Barrick. I've been in the gold industry for 20 years and manage a small company that is waiting for $ 350 to start production.
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