Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: t4texas who wrote (23497)	12/15/2002 3:08:08 PM
From: Art Bechhoefer	Read Replies (2) of 36161

So if gold continues to move up, what price level do you see in 6 months to a year? Would somewhere near $350 be in the ball park? Even though opening a new gold mine, such as in parts of Africa, involves a major capital expenditure and a lot of time, existing mines that are already in production could easily ramp up production to take advantage of higher prices. That's why I believe there has to be some limit. As to investments, for the moment I'm concentrating on FCX and FCX preferred "B" shares, which pay a dividend directly tied to the price of gold. Art

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