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

To: Ken Benes who wrote (59486)	10/6/2000 2:54:40 PM
From: Ken Benes	Read Replies (1) \| Respond to of 116762

Barrick: 14.18 and falling. Increased reserves and increased production = lower share price and lower earnings. Next stop, 12's. If barrick earns .72 this year and the market assigns it a pe of 15, 10.87 is a fair valuation. If you value barrick on reserves in the ground, as the pog continues to fall, the value assigned to those reserves will decline. No matter how you analyze it, a dig and dump policy is a non winner for the producer and the shareholder. Ken Ken