Battle Mountain Gold (BMG) Message Board

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Gold/Mining/Energy : Battle Mountain Gold (BMG)

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To: dwight vickers who wrote (29)	12/1/1997 8:00:00 PM
From: Ralph LaSardo	Read Replies (1) of 174

The XAU has hit the low made in 1993, coincidently BMG was slightly below 5 back then. After hitting that low in 1/93, BMG made it over 10 by Jan 94. Could we get 100% appreciation in BMG one year from now: I think it is possible. gold staying below $300 an ounce contradicts historical evidence. When gold prices recover many of the marginal gold producers will not be around. The larger companies will take advantage of the depressed valuations and buy them up or it will be too expensive for them to continue to mine. The more the big boys buy now the higher the recovery value of their stock.

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