Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (2929)	4/5/2002 1:05:07 PM
From: Elizabeth Andrews	Read Replies (2) of 39344

Ya, there's no question there's going to be a shortage of deposits at the $165 or lower level that are big enough to get taken out by a major. NGT/AAS has the size. GBU should be on the list although I think it's adequately priced here. NGX has to be there. It's producing and has size and doesn't fit in the BNN mold. Something has to happen here and I think there's only metal price risk at this cap value. Cap value FD is US$118 million with 450,000 oz/yr Au equivalent production before the smelting charge, so the cash cost may be $200 per ounce including smelting. AHR is a good drill bet. I'm not a believer in the SUL bulk mine case as of now. I'll do some more work and get back to you on the others and a few more.

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