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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (2335)11/26/2005 8:50:20 AM
From: tyc:>  Read Replies (2) of 78416
 
I have posted before about Agnico Eagle and its warrants. I hope I am not just repeating myself.

In view of the success that AEM has had in developing reserves (and future new mines), and the cost reduction caused by high base metal by-products prices, one would have expected the price of the shares to have climbed over the past three years. Has there not been a gold bull-market? In the last quarter total cash cost of gold production was ~$30 per oz net of base metal credits).

This chart shows Agnico eagle shares measured not in dollars but in GOLD. The price has actually declined since 2002.

stockcharts.com[w,a]wallnnay[df][pb20!d20,2!i!f]&pref=G

1. Is it reasonable to measure the price of a gold miner in terms of gold ?

2. Are there any other US gold miners that show a similar chart ? (NB. the US$ price of gold is used so stock price should also be US$). You migh like to substitue NEM and ABX.
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