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

To: Investor-ex! who wrote (1414)	10/18/1999 6:29:00 PM
From: goldsheet	Respond to of 3558

> I believe Barrick is slated to produce in excess of 3 million oz per year. Over the last four quarters, Barrick produced 3.7 million ounces and may get close to 4 million ounces for 1999. Newmont is #1 in North America at 4.0

To: Investor-ex! who wrote (1414)	10/19/1999 6:35:00 AM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 3558

Hi Investork-ex! "Later on in the conference call, they said they would experience a slight increase in margin at prices above $600/oz, but this would be insignificant in relation to the increase in cashflow from their unhedged annual production at the higher prices. " Do you believe that? If Barrick is not responsible for covering the margin on a position that is BILLIONS in the red, who is? I don't think that Santa Clause trades futures, so someone will have to cough up a boatload of cash if gold goes to $600. Buyer beware! THC