Interesting articles from the Post:
By KEITH DAMSELL
Wednesday, October 07, 1998 The Financial Post
....The gains follow a stellar September for the Toronto Stock Exchange's gold and precious metals index. Since the end of August, it has climbed 63.8% while the TSE has slipped 2.4%.
Gold analyst John Ing of Toronto's Maison Placements Canada Inc. expects the continued weakening of the US$ and gold's return to favor with hedge funds will help power it to the US$310 range in the near term. Institutional investors that have avoided precious metal stocks for the past two years will come back "kicking and screaming".
"I think gold has still got it," agreed Doug Leishman of Vancouver's Yorkton Securities Inc. He said gold could climb as high as US$330 in the next few weeks. "In this world of uncertainty, people are more likely to be buying gold than selling it."
Tuesday, October 6 1998 The Financial Post
Royalty specialists bolster Nevada Mining portfolio
BY PAUL BAGNELL Mining Reporter The Financial Post
Mining royalty specialists Euro Nevada Mining Corp. and Franco Nevada Mining Corp. have agreed to pay $33 million in stock for gold exploration properties near their Ken Snyder mine in Nevada.
The companies are buying the properties, believed to hold 379,400 ounces of gold and 4.4 million ounces of silver, from Romarco Minerals Inc., a gold exploration junior based in Toronto.
I have to wonder if <400,000 oz Au is worth 33 million, what would they pay for LTU once we prove up the second discovery zone!
Paul |
