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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: dean poets who wrote (41450)	9/28/1999 11:51:00 PM
From: goldsheet	Respond to of 116764

> I have my doubts that many high tech investor's understand the > effect a 20% rise in Gold has on the profit of a mining company. Here's a rough calculation to ponder; A $10 rise in gold is worth $40 million dollars to a miner like Newmont which mines 4 million ounce per year. Newmont has 167 million share out, so every $10 in gold is worth 24 cents in EPS. Not bad, but remember most Internet investors don't even understand the concept of earnings !

To: dean poets who wrote (41450)	9/28/1999 11:55:00 PM
From: mick	Read Replies (1) \| Respond to of 116764

You are right about that. With the price increase in gold, you think the stocks would have responded better. Well many made good increases, they are still far below the 52 week highs. Cheers