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

To: goldsheet who wrote (365)	7/5/2000 2:54:28 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 4051

Did know about DRC. Nice results and nice move.

To: goldsheet who wrote (365)	7/12/2000 3:29:39 AM
From: baystock	Read Replies (2) \| Respond to of 4051

Does any one know what company Casey is referring to as having $2.50 in cash but selling for 87 cents ? Doug Casey -- Ahead of the Curve dailyreckoning.com The Trend is Your Friend Investors are all but gone from the gold stock market. And just as in previous market bottoms, very few investors will take advantage of it. They won't cash in on the next big bonanza. But guess what's going to happen once gold starts moving back up? The same thing that always happens. Investors will pile in and ratchet stock prices to extremes. And who do you think they are going to buy from? The early investors who had the foresight and the courage to act first. Those investors who snuck in and bought while no one was looking. Consider the case of a well-known mining company that was selling for over $17. The company owned 50% of a proven deposit containing 19.5 million ounces of gold and 5 billion pounds of copper, and they could mine 900,000 ounces of gold per year. But since last year, the company's stock fell to $.87. The company now has cash on hand of $2.50 per share in addition to half of the deposit. People were willing to pay $17 a year ago for a company that didn't have the assets it now has for $0.87. And now they won't touch it! Amazing, isn't it?