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

To: Crimson Ghost who wrote (60660)	11/7/2000 2:14:15 PM
From: goldsheet	Read Replies (1) \| Respond to of 116791

I too have long stated the gold industry is too fragmented compared to most other mining (copper, aluminum, nickel, etc..) where there are 4 or 5 dominant players. I will borrow from one of my other posts - "The gold industry is so fragmented it takes the top 20 producing firms (which include 5 copper miners) to get to 50% If you leave out the copper miners, it takes 30 gold miners to produce 50% of world production. With world production at 82moz, 50% would be 41moz, split among 5 firms would be over 8 moz each. Anglogold, the largest, currently does 7.2. A consolidated gold industry would need to have maybe a 14moz producer, along with several at 10 level. Something like Anglogold, Newmont and Barrick each double their curent size. "