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Gold/Mining/Energy : Barrick Gold (ABX)
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To: bill who wrote (986)2/19/1999 1:04:00 PM
From: Enigma  Read Replies (1) of 3558
 
bill - I don't know - but maybe they feel that Sutton contains far higher potential reserves? When Barrick was getting started it purchased properties from oil companies who had no concept of the potential of the properties they owned - Goldstrike being the most stunning example. Could the Sutton people have been missing something here? I don't think ABX is factoring in a higher gold price - they seem pretty prudent generally. dd
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