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

To: Claude Cormier who wrote (62701)	1/16/2001 3:30:47 PM
From: goldsheet	Read Replies (1) \| Respond to of 116764

<Miners also have over 700moz in reserves and close to 1 billion ounces in resources, which should keep them producing for some time> > If prices rise enough...yes. Reserves are supposed to be economic resources (i.e. do not require a price rise) Many miners, however, still have reserves calculated at $300 or 325. The average gold price for the last two years has been closer to $280. I would hope they restate reserves at yearend 2000 at a lower price.