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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Claude Cormier who wrote (3015)	4/23/2002 11:38:01 PM
From: goldsheet	Read Replies (1) of 4051

> Well that is a good start for the 85 millions ounces they need to find this year. C'mon Claude you know better than to drag out that old horse and beat it. Numbers I put together previously show it isn't true. Half the industry is replacing 95% of reserves from resources, and if the other half is doing 50%, then overall is more like 75%. We need 20 million of REALLY new gold finds, and we still have enough current reserves to last a decade. Besides, for a hedge fund, Barrick has found more gold in the last few years than miners who claim to be REAL gold miners ;) Stock added $US 350M in market capitalization today, when most majors were flat - not bad ($100/ounce ??)

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