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Gold/Mining/Energy : NP Energy Cp New

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To: J. Nelson who wrote (16842)5/7/1999 9:55:00 PM
From: J. Williams  Read Replies (1) of 22810
 
Jim, the AU that is about to hit the market is one half of the holdings of Great Britian. England is selling off that half to bolster the country's cash position for their entry into the eurodollar. The sell off will happen in an orderly fashion over the next year.
This sell off will definitely have an affect on Au prices. But MDIN
gold find should be open pit and relatively cost effective to extract,
hence quite profitable. No matter how you slice it NPEC still has a substantial position it the Gold find. And that position will certainly have its effect on NPEC valuation. Just a thought. JWMS
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