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To: Claude Cormier who wrote (3859)5/27/1999 12:37:00 PM
From: Joe Hartenbower  Read Replies (1) of 5143
 
>>Ore. The naturally occurring material from which a mineral(s) (metal) of economic value can be extracted at a reasonable profit.<<

Because of the already lower and the on going decreasing prices of gold, copper, etc., it strikes me that many of the traditional mining companies should be experiencing a reclassification of proven ore reserves to crap, worthless dirt, worthless rock, etc. This should happen whenever the miner does not turn a profit. However, I never seem to read about that???? I wonder if those companies are now in violaton of some law?

As always,

Joe
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