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

To: Ken Benes who wrote (52356)	5/5/2000 9:02:00 AM
From: Alex	Read Replies (1) \| Respond to of 116805

<<5/05/00 - Ruling awards giant nugget to finder PERTH, Australia, May 05, 2000 (AP Worldstream via COMTEX) -- A court ruled Friday that a taxi driver and amateur prospector who unearthed a 14.5-pound (6.6-kilogram) gold nugget on someone else's land is allowed to keep it. George Dimitrovski, 52, found the nugget, valued at about Australian dollars 1 million (U.S. dlrs 590,000), five years ago while prospecting on land owned by Frank Welsh near Marble Bar, 1,200 kilometers (745 miles) north of the Western Australia state capital of Perth. Welsh complained to police that Dimitrovski had been prospecting illegally on his land. Welsh only became aware of the find after Dimitrovski took the nugget into a local bar to boast. Dimitrovski was charged with unlawful possession, and the nugget was confiscated and stored in a vault in Perth's mint while the case has been running. After a complex series of court hearings, West Australian Supreme Court Judge Graeme Scott on Friday upheld a lower court decision throwing out the prosecution case. Unless there is a further appeal, Dimitrovski will be allowed to keep the nugget. Dimitrovski said Friday he would not sell the nugget. ``I want to put it on display at the Sydney Olympics and try to get some sort of cover charge on it and give it toward a charity for spastic kids,'' Dimitrovski said. Copyright 2000 Associated Press, All rights reserved. >> -0-

To: Ken Benes who wrote (52356)	5/5/2000 11:11:00 AM
From: Enigma	Read Replies (3) \| Respond to of 116805

Flogging that same old dead horse? You must have copied your text somewhere! When will you realise that this is the gold mining industry? If Barrick freezes new production its reserves will fall. What you're asking in effect is that the company and others (why don't you vent your spleen on Placer and many other companies?) carefully make sure that new production exactly matches what has been mined the previous year. Or in your ivy tower I guess that you'd rather exploration cease altogether? You completely ignore the nature of the industry, its logistics and dynamics. You say that you once were a mining executive? Your attitude is more befitting someone who worked for some sort of government agency - not someone who worked in the competitive world of mining. If you're interested in the industry you have, for starters, to show a modicum of knowledge of how it functions. And so far you have shown not one iota of such knowledge. And if you're an investor you make your choice. If you don't like Barrick why don't you buy puts or short the stock, and if you make money bully for you! Or buy some other stock like Newmont? Meanwhile Barrick and others are providing hundreds of millions of dollars each year to fund exploration projects all over the world. Barrick in particular. Rhetoric is easy and cheap. Knowledge a little harder to come by.