NORTHGATE EXPL (NGX.TO) Message Board

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Gold/Mining/Energy : NORTHGATE EXPL (NGX.TO)

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To: E. Charters who wrote (57)	6/23/2002 1:18:08 PM
From: tyc:>	of 158

>>Let's simplify it. They borrow gold. They sell it to finance. They repay the ounces of gold as gold price rises. -- right so far? NO ! you are WRONG. The bullion bank borrows gold and the bullion bank sells it. NGX will deliver gold to the bullion bank as it is produced WHETHER THE GOLD PRICE IS RISING OR NOT, and they will get paid for it then. Can't you get one thing right ?

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