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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Claude Cormier who wrote (20930)9/17/1997 1:47:00 PM
From: Richard Mazzarella   of 35569
 
Claude, <<Even if the DD come on stream in 4-5 years with production costs as low as US$100, this will have little impact on gold prices and gold producers.>> I don't agree. The potential for impact on future gold price could become so profound that the gold derivative's markets could be affected on proof of the desert dirt's. That could shut down many of the marginal miners not being able to guarantee delivery of gold in future years out. We are approaching an event more significant than heap leaching IMO.
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