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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (1266)6/24/1999 11:17:00 AM
From: Ron Everest  Read Replies (1) | Respond to of 3558
 
Depends on what you think the upside is. My estimation is that for ABX the upside starts at $385 gold and then a factor kicks in. Presuming you mean that upside is if AU rises above $385, which is a big move for gold in the current environment. The problem with unhedged producers is that they may not be around to enjoy "the" upside whenever that occurs. In the meantime, ABX continues to strengthen its assets.


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