Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: nickel61 who wrote (2824)	5/18/2002 3:31:04 PM
From: goldsheet	Read Replies (1) of 3558

> Production is now declining First quarter only, primarily due to Freeport shifting assets to get at other zones in the next three quarters. Total world production in 2002 should be up slightly to a new record (per GFMS, and me) Lots of projects are gaining renewed life with gold at $310. > even in the face of unpredcidented high grading This is another claim I have never seen no proof of. Ore grades at all of the major mines have remained about the same, of if anything (especially Nevada and RSA) continue on an historical declining trend. > Maybe the free market price of gold is a little lower then it should be? Sure, if you read another one of my posts I claimed the "fair market value" of gold based on historical data and the primary factors (production, scrap, and jewelry) was about $335. Other factors on both the supply and demand side cause it to go above and below $335 value, but those three factors explain 85%+ of the price equilibrium.

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