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

To: jack BROSS who wrote (1404)	10/17/1999 10:20:00 AM
From: m.philli	Respond to of 3558

Has anyone any information to add to the rumors on Canadian tv last week that Trizec Hahn desires to go private? Was this rumor confirmed or denied by Munk?-mike

To: jack BROSS who wrote (1404)	10/17/1999 11:17:00 AM
From: Bat Man	Read Replies (1) \| Respond to of 3558

jack, I would think the cost of buying would have to be included in the cost of production, as with Barricks purchase of Pierina. They say the cost of production is about $45 per oz., but don't forget the $1 billion it cost to purchase which would bring the price to about $187 per oz. still a very good price, but Barrick will be taking the highest grade first..at less cost. That is my assumption.

To: jack BROSS who wrote (1404)	10/18/1999 1:41:00 AM
From: ForYourEyesOnly	Read Replies (2) \| Respond to of 3558

Please try to calculate the margin call ABX will get if gold goes to $500. Good luck, THC

To: jack BROSS who wrote (1404)	1/12/2000 11:32:00 AM
From: nickel61	Read Replies (2) \| Respond to of 3558

Mr. Bross Barrick's real cost per ounce is $305 not $180 or anything near it. So your estimated profits are way off. You have forgotten the cost of capital investment, exploration and acquisition costs as should be included in a calculation of all in total cost. Take reported profit and divide it by number of shares and then subtract this profit ($95 US)from the average realized gold price for 1999 of $400/ounce thus you will see that the gold they produce actually costs them $305/ounce. A pretty big difference.