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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: long-gone who wrote (90809)	10/29/2002 2:13:09 PM
From: goldsheet	Read Replies (1) of 116812

< How do the mining companies or the shareholders benefit from the additional production which will result from additional exploration & devolpment in an already soft market? > Future time factor. Development will result in production 3-5 years from now, and exploration in projects beyond that. Hopefully, gold prices will be higher then. Besides one needs to replace reserves regardless of the gold price or eventually go out of business, which returns nothing to shareholders. No one ever said mining was an easy business.

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