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Gold/Mining/Energy : Homestake Mining
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To: long-gone who wrote (54)12/30/1997 6:07:00 AM
From: Bill Grant  Read Replies (2) of 415
 
Richard,

The key word there is "if", and I don't know the answer to that. I can't find anything in Homestake's literature that indicates any current interest in mining silver. Since silver usually leads gold, I would agree with you that it would make sense for them to be looking into production.

I think the $US is in for a rough year, and that silver and gold are due for a ride up. If so, the Plutonic deal will look better as the year goes on. I am surprised that neither Barrack nor Neumont is considering acquisitions at this time, though that may just be an "official" position while both scramble to find good fits.

Bill
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