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To: Lucretius who wrote (52512)	7/21/1999 11:22:00 AM
From: re3	Read Replies (1) \| Respond to of 86076

abx and perhaps placer are really the two name brand gold stocks round these parts when a local wants a gold stock they look to abx... so it may trade higher than it deserves, but it does tend to trade higher, so i continue to suggest thats the one to go with... don't the S African ones have problems with miners getting Aids,,,i wonder how that might impact things...plus there is risk of political upheavel, no ? ike

To: Lucretius who wrote (52512)	7/21/1999 12:28:00 PM
From: pater tenebrarum	Respond to of 86076

re: ABX - i agree and don't own any for much the same reasons.

To: Lucretius who wrote (52512)	7/22/1999 8:25:00 AM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Luc, I don't think ABX is so pricey. There are selling at a 22.9 PE with a forward pe of 21, and 1.9 times book. the price to sales is 5.2 which is on the high side. yield is on the low side at .4% Nem has no PE currently, a forward PE of 39.5 and is selling at 2.1 times book , the price to sales is 2.1 which is very good. Yield is .6% Pdg has a PE of 25 with a forward PE of 35.3, and a 2.1 price to sales. the yield is .9% HM's numbers look even a bit more expensive than ABX's However with their major Australian acquisition in 1997 and the Latin AMerican one last year, may be able to surprise quite a bit on the next 2-3 years operating results. I know about ABX having sold forward much of it's production, but that also means that gold could go to 100 and stay there for 18 months and ABX will not be going out of business. Hence there is some value you in that. But in a rising gold price environment, yet to be seen, the bigger leverage will be found in stocks other than ABX. John