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

To: Alex who wrote (58695)	9/22/2000 10:51:11 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116759

Investors are beginning to understand this and now realize the producers have sold out the interests of the shareholders. Investors are also becoming aware the extend to which the producers have mortgaged the future prospects of their companies as they have indentured themselves to the bankers whose interest are opposite those of the investors. Ken

To: Alex who wrote (58695)	9/22/2000 10:58:27 AM
From: goldsheet	Read Replies (2) \| Respond to of 116759

> costs close to $400 on average to replace Where does that number come from ? Lots of good and big gold projects coming online with cash costs around $100 and total costs around $200

To: Alex who wrote (58695)	9/22/2000 11:36:46 AM
From: Enigma	Read Replies (2) \| Respond to of 116759

(con't) I think a lot of people here fail to understand that a great deal of gold is being produced profitably at these prices - so there's nothing to say that gold should go up much from here. After all, the object of being in mining is to 'mine ore at a profit' and many companies are doing just that. IMO all of this blather about hedging, conspiracies, etc. is just that - blather. All it has done is to extend the cycle somewhat - so a mine that is marginal on a spot basis today may have bought an extra year or two - it is indeed a long cycle that we're going through. Having said that, it would be great to see gold rally from here - way above $300 - and it may happen - but there's no God-given reason why it should, just because it's gold. e