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To: Jay8088 who wrote (4997)	11/3/1998 12:19:00 AM
From: JHR	Read Replies (1) of 14427

FWIW dept. One of the newsletters I get just came out hot for gold. He likes NEM,HM and ABX.Says NEM is a low cost producer and has 52.7 oz in reserves which is 3 years demand and has a buy under 25. Their cost of production is 183 per ounce. HM has a production cost of 257 but is bringing it down. Has it as a buy under 14. Needs gold to goto 350 to boost earnings. ABX is a low cost producer at 182 per ounce. and has 47 million ounce reserve. Total debt less than 15% of equity and expected growth of 13%. Rates it a buy under 23. Mentions their hedging prctise as helping in weak market, but an increase in price would still push it.

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