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Gold/Mining/Energy : Precious and Base Metal Investing

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To: TheBusDriver who wrote (13657)	7/9/2003 8:10:40 AM
From: russwinter	Read Replies (1) of 39344

Forget about Myanmar, the story here is Turquoise Hill,and to some extent the China prospects. So far TH has an economic value of $15 billion, and the market cap is a mere 2% of that. Unlike some outfits, I have confidence in Friedland's ability to monetize this. From the call; newswire.ca this new stuff is $100 rock, with underground cost estimated at $5/ton, and bulk mining at $2.10/t (Chinese cost are lower), so this is a gigantic money printing exercise when producing. <As far as China replacing USA as economic powerhouse> The point is that China is a huge market for minerals, regardless of the "powerhouse" pace. I don't read high political risk in Mongolia (TH isn't in China) at all.

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