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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: BGR who wrote (95727)7/17/2002 10:28:18 PM
From: Zeev Hed  Read Replies (1) of 99280
 
The next 20% increase (if the increase sticks) in the price of gold could still double or triple the earnings of many of the less efficient producers. Let say that at $270 a company breaks even, and at $300 it makes a buck a share at $360 it will make roughly $3/share. Of course, as the POG goes up, smart companies dig some of their lower grades ore to level out their returns.

Zeev
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