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Politics : Gold and Silver Stocks and Related Commentary
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To: Claude Cormier who wrote (10558)4/8/2005 10:18:09 AM
From: Condor  Read Replies (1) of 18308
 
Senior (and mid-tiers) gold producers, unlike most other stocks, see their net asset value go down when the product they sell (gold and other metals) goes does not move up. Further more, they face depletion of gold assets as they cannot easily replaced them.

Presumably their bullion reserves are replace with dollars or new assets. If what you say is true, then all producers would fade away to nothing and delist.
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