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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: goldsheet who wrote (3016)4/24/2002 1:25:59 AM
From: Claude Cormier  Read Replies (3) of 4051
 
<Half the industry is replacing 95% of reserves from resources, and if the other half is doing 50%, then overall is more like 75%.>

True for last year. But can you expect this to happen every year. Current deposits are finite and not all deposits have large resources. Some are fully delimited and will not expand further.

< We need 20 million of REALLY new gold finds, and we still have enough current reserves to last a decade.>

Even 20 million is a tall order with gold at $300.
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