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


To: Enigma who wrote (52361)5/5/2000 11:46:00 AM
From: long-gone  Read Replies (2) | Respond to of 116811
 
So this current gold price problem IS related to governments & organizations clearing out gold & gold positions from wealth stolen from the Jews of Europe.
This all stinks ?stinks ? stinks!
Thursday May 4 3:52 PM ET
Portugal Shrine Admits Nazi Gold Use
By CRISTIANA PEREIRA, Associated Press Writer
LISBON, Portugal (AP) - In an embarrassing disclosure a week before a visit by Pope John Paul II, officials at Portugal's famed Fatima shrine have admitted that the shrine once owned Nazi gold.
Ingots bearing the German Third Reich insignia were among the shrine's gold deposits from 1976 until 1986, according to a statement faxed Thursday to The Associated Press. The Nazi gold was not purchased by the Roman Catholic shrine's authorities, the statement said.
The shrine 70 miles north of Lisbon is built on the site where three children in 1917 claimed to witness a vision of the Virgin Mary. The shrine receives about 6 million pilgrims a year.(cont)
dailynews.yahoo.com



To: Enigma who wrote (52361)5/5/2000 1:13:00 PM
From: goldsheet  Respond to of 116811
 
Some of the smaller miners are increasing production at much higher percentage rates than the majors,
but they get easily overlooked. I am very impressed by a few Australian firms.

The last four quarters at Delta Gold NL deltagold.com.au look like:
119,711 145,157 153,797 174,827
They have almost doubled production in the last year, trailing 12 months 593,482, heading toward the million ounce club ?

The last four quarters at Resolute resolute-ltd.com.au look like:
55,990 69,505 95,454 103,079
Another almost double production in the last year, trailing 12 months 324,028, heading toward the half-million ounce club ?

Newcrest newcrest.com.au did 710,839 last fiscal year, and did 496,449 vs. 355,044 for the last 6 months, up almost 40%. Another new member for the million ounce club ?

Here in the US, Echo Bay had an big increase in gold and silver production, with a net effect of a reduction in cash cost of $45 per ounce, which easily beat the $4 less per ounce they got for the gold.
biz.yahoo.com

There is something to be said (favorable) for volume in a capital intensive industry



To: Enigma who wrote (52361)5/5/2000 6:08:00 PM
From: Ken Benes  Read Replies (2) | Respond to of 116811
 
Enigma:

For a mining man, your response surprises me. If you do not bring a new mine to production, you increase reserves, delaying a reduction of those reserves until you begin producing. In the interim of time those proven in ground reserves have a value that accrues to share price. Some would argue that in ground reserves give a gold producer a higher valuation that earnings per share that is predicated on depleting a reserve base.

Ken