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Gold/Mining/Energy : Gold Price Monitor
GDXJ 126.16-0.1%Jan 13 4:00 PM EST

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To: Enigma who wrote (96644)12/8/2003 6:34:56 AM
From: d:oug  Read Replies (2) of 116856
 
an Enigma Conundrum (or) Conundrum of an Enigma
-
How can Enigma "Put Foot in Mouth"
when,
Enigma already has "Both Feet in Mouth"
and,
chew gum and touch his nose at the same time?
-
Answer: easy when your conundrum is a co-numb-dumb
-
Lets start at the end to reach the beginning of the start.
-
To: Doug A K
From: Enigma
OK Doug - wrap your mind around this and get back
to the thread - point by point - too much to ask eh?
.....
From: russett
-
Point 1
~~~~~~
Look at Barrick and its rivals...
- cashflow per market cap
- oz produced on a market cap basis
- reserves per market cap
and you will find...
- others have just come up to approach Barrick's numbers
- Barrick is currently number 2 wrt these measures
- Barrick has had an inflated valuation for nearly a decade
- others have come up to Barrick's inflated valuations
-
Point 2
~~~~~~
... these valuations will have to come down as most producers
have little to negative growth and poor profitabilities.
If it weren't for their ability to float new share issues [most] of
these producers' balance sheets would look very sick,
...dilution of shareholders saved their arse.
-
Point 3 times 3
~~~~~~~~~~~
Barrick on the other hand has no net debt...
Barrick on the other hand has no net debt...
Barrick on the other hand has no net debt...
-
Point 4
~~~~~~
Point 4 is a For Sale of the Brooklyn Bridge if u believe point 3.
-
Point 5
~~~~~~
[Barrick's] most active exploration and development profiles
in the gold industry, partnering with dozens of juniors...
-
Point 6
~~~~~~
[Barrick's] meatheads [have] little understanding of mining,
exploration, forward selling of production to lock in base price,
and the basics of financing construction of mine projects.
-
Point 7
~~~~~~
Barrick shows superior fundamental numbers to most,
if not all of its competitors.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ok Enigma,
-
Proof in the Pudding to have you Walk russett's Talk.
-
Please use the following web site to "Where's the Beef"
GoldSheet Mining Directory - Comprehensive Mining Resource
poorsheetlinks.com

But then, it easy for russett to coat Barrick with fools gold paint.
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