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

To: long-gone who wrote (55429)	6/28/2000 9:26:00 PM
From: goldsheet	Respond to of 116764

> 25% interest in the Round Mountain gold mine for $42.9 million > 1999 year-end proven and probable ore reserves of 5.9 million ounces. 1.475 ounces Proven and probable for $42.9M is under $US30 per ounce, which is a very good price. This implies the other 50%, owned by Echo Bay, is worth about $85.8 million. All of Echo Bay has a market cap of $150 million, so maybe Homestake could get all of Round Mountain by buying Echo Bay ? Just an idea ....... need to look at other assets and debt.