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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.68

+5.0%

Nov 10 4:00 PM EST

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To: d:oug who wrote (91295)	11/18/2002 2:23:04 AM
From: goldsheet	Read Replies (1) of 116753

> that will supply the gold in the next years after another five or so years pass that drain out existing mines. Current gold reserves are good for ten (10) years at current production rates, even more years if production declines. Meanwhile, there is an equal amount of gold resources which become more viable as gold prices rise. If you want to learn more about Russia: bisnis.doc.gov "The reserves of gold in Western Russia are almost exhausted. But in Eastern Russia (Eastern Siberia and the RFE) there are at least 5 deposits with estimated reserves of over 300 tons, as well as a number of 100-300 ton deposits." Note: 300mt = 9,645,225 ounces

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