A "A" list of JR gold mining companies Message Board

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Gold/Mining/Energy : A "A" list of JR gold mining companies

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To: ForYourEyesOnly who wrote (108)	10/5/1998 10:30:00 AM
From: rainman	Read Replies (1) of 169

TO ALL: "When the gold price breaks out its 6 month base above $315, the junior exploration sector will finally attract buying. Once these junior shares begin to move, one or more majors will use their richly valued stock to buy a junior that several other majors are targeting. Once this happens, other majors will move to make acquisitions. Then, the theme in the market place will suddenly change: it will be recognized that the junior exploration companies are undervalued. In today's momentum driven markets the entire junior exploration sector will be quickly bid up in price relative to the majors." How does everyone else feel about this comment? I, perhaps unfortunately, am banking on it. And I feel that the most undervalued are those exploration companies that are expected to have the lowest cost of production located in a stable environment. These will be the first to go. Does not cost of production have to be one of the most important variables for these exploration companies? rainman

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