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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: loantech who wrote (96237)	11/11/2003 2:17:07 PM
From: goldsheet	Read Replies (3) of 116770

My point was an operational one, with my interest being firms that continue to contribute supply to the gold markets. (Someone better produce, otherwise my forecast for an increase in gold production by 2010 will not be correct!) Many Australian mining firms continue to do a better job of getting their mineral reserves into production than most other areas of the world. I'm also impressed by their efforts in Laos, Vietnam, Thailand, and other places where folks had not made much effort. Canadian firms do a great job of raising lots of capital based on "hopes and dreams", which you can make money on, but if you do not get out you can lose it all. In the last exploration boom (93-96), Australians juniors often left viable assets including operating mines behind, while Canandian juniors left no assets to shareholders left holding near worthless paper, followed by 10:1 reverse splits and name changes. I think Canada has more companies with names starting in "Consolidated" than the rest of the world combined.

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