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

To: long-gone who wrote (57896)	9/5/2000 11:45:57 PM
From: goldsheet	Read Replies (2) \| Respond to of 116759

> Isn't the mining & extraction of those other metals showing only a meager profit at best & also not fully reflected in the stock prices? In general, I think the non-ferrous metals are in better shape than the precious metals, especially with copper at 52 week highs and nickel well above historical prices. These companies have the capital resources to make serious long-term investments, such as the $US2.3 Antamina project in Peru (500 million tonnes of 1.3% copper, 1.0% zinc, and 12gpt silver) Companies like Rio Tinto plc (buying North and Ashton) and Billiton plc (buying Rio Algom and Worsley Alumina) are getting huge, generating lots of cash flow, and the profits are coming. Billiton investments in 1999 resulted in earnings of $US 241 million in the first 6 months versus $US 165M in the first 6 months of 1999. I also like the numbers I am seeing from Cominco, INCO, Noranda, Teck, Rio Algom, etc.. You are correct, they are not reflected in the stock prices. I get the feeling these companies have serious long-term strategies which are being implemented, as opposed to the gold miners who seem to be wandering aimlessly with the status quo - business as usual. Someone has to serious shake up (and shake out) the gold industry. Here's a good story that does a good job covering base metals: siliconinvestor.com