Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: Keith Donaghy who wrote (1663)	12/2/1997 12:58:00 PM
From: Donald F. DeKold	Read Replies (1) of 4718

Keith, it goes without saying that the world price of gold directly affects profitability of gold mining companies. Right now, companies with high production costs are having to close their mines, as in South Africa, where mines are 1000 meters or more below ground. The cessation of production means a reduction in supply of gold on the world market. Supply-demand economics will at some point come into balance and stabilize the gold price. Our hope for Antares is that the quantity of gold equivalents along with the mining economics of their polymetallic ores will provide the company reasonable profits even when POG is down. Yes, it is ironic...but let's think positively. Don

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