Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Enigma who wrote (2338)	4/4/2002 9:32:41 AM
From: nickel61	of 3558

I do know something about gold mining investment.And understand as you do that at even $400/ounce gold every promoter in North America will be back in business trying to push his newest gold mine story. That is clearly true and over time the amount of gold in production will rapidly adjust. We were starting to see that in 1995 when this whole sceme was begun, maybe not coincidentally, to allow the Central Banks to be able to sell off their excess gold reserves before the likes of the Canadian Gold investment community raised enough money and found enough new production to really take gold to $100/ounce forever. The thing you want to remember is it will take time and the costs of the imputs will change fairly significantly and this will also affect the rate these new gold mines come on line. As we both know it isn't easy to find world class projects and bring them on line even at $400/ounce...at $600/ounce I would agree that there would be a leveraged increase that would appear I am sure.

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