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Gold/Mining/Energy : Precious and Base Metal Investing

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To: dara who wrote (17126)	8/23/2003 4:49:04 PM
From: schzammm	Read Replies (2) of 39344

darayner, NXG(I trade in the US) Thought NXG looked really cheap so I dug a little and found the quoted section below.. After DD I still started accumulating awhile back. I am still adding now and then for the long term, 18 months-2yrs. "At March 2003 Kemess Mines had forward sale commitments to deliver 350,000 ounces of gold at an average accumulated price of $302 per ounce. A portion of the position may be brought and settled into income in 2003 and a portion will eventually be rolled into future years." Their Kemess South mine produces about 290,000 ounces of gold and 75 million pounds of copper per year. Any comments??

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