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Strategies & Market Trends : Ride the Tiger with CD

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To: dara who wrote (19926)11/14/2004 6:28:31 PM
From: philv  Read Replies (2) of 313059
 
Those are indeed big numbers, but if you look at Goldcorp for example, Glamis has less than half the production (when the chart was assembled), but it has more reserves and much more production coming on line. When everything is taken into consideration, it kind of equalizes out.

Both Glamis & Goldcorp are unhedged, profitable, and have no debt. Glamis is continually growing with several mines, while Goldcorp has not been able to get away from its one great mine. Looking at just one number can be extremely misleading imo, and that really was my comment. But I agree, these mines are highly valued.
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