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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (341)	6/12/2000 9:50:00 AM
From: Claude Cormier	Respond to of 4051

<<San Martin strikes me as the perfect project in that capital costs are modest at only $27 million.>> This will be so profitable. If you look at the parms carefully, it ressembles BAY's Alamo Dorado, although it is a bit smaller and lower grade. <<Why do they continue to screw around with underground mining at Dee? Not really their forte is it?>> No. But aren't they turning the situation around there ? << How bout El Sauzal instead? >> I am told they tried to get it. But RR at FGX is asking too much. <<Imperial will probably never make it, and just as well.>> I don't see why not. I think it is a political battle. SO in time with the right people.

To: russwinter who wrote (341)	6/12/2000 9:57:00 AM
From: Enigma	Read Replies (1) \| Respond to of 4051

I think the attitude that hedging per se is a bad thing is unrealistic - it seems to have been a part of mining for a long time and is perfectly understandable - especially if large projects require financing. A witch hunt against all hedgers - without looking at the entire picture affecting each company? Of course some companies are using the fact that they don't hedge as a marketing pitch - I saw one the other day but can't remember which one - when I remember I'll get back to you. It might have been CRJ - although it did some sort of hedging I remember. I don't think Goldcorp and Agnico hedge - and this is understandable - given the very high grade reserves they have and the flexibility this affords them - as with Campbell Red Lake in the past.