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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.60

+2.2%

Dec 26 4:00 PM EST

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To: IngotWeTrust who wrote (85937)	5/27/2002 3:53:07 PM
From: goldsheet	Read Replies (1) of 116833

Just to give context to the numbers: From 1970 to 1981 (12 years), Australia produced on average 18mt of gold annually. Beginning in 1982 they ramped up to 27mt and never stopped until they hit 314mt in 1997. The average for the last 32 years was 130mt. 281mt in 2001 or your estimate of 263 for 2002 is double the 32 year average and still about 15X what they did annually in the 1970s

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