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

To: lorne who wrote (62904)	1/24/2001 8:51:43 AM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 116753

lorne, that's what I like, the happy talk is over. Maybe we can now get the capitulation POG requires to springboard significant appreciation? All the calls the other day was classic to forecast lower POG. However, we are now so close to the bottom that the miners (xau) may hold up by anticipating the actual POG bottom. Capitulation to $200-240/oz is likely IMO. Additional miner consolidation would also be helpful. It wouldn’t surprise me if the big hedged guys pick the bones of the unhedged to unwind their poor POG leverage.

To: lorne who wrote (62904)	1/24/2001 12:38:31 PM
From: Fun-da-Mental#1	Read Replies (2) \| Respond to of 116753

Re PDG, anybody remember "Kuwaiti Oil Minister Says Price Could Reach $5/barrel"? Fun-da-Mental

To: lorne who wrote (62904)	1/24/2001 1:59:28 PM
From: goldsheet	Read Replies (1) \| Respond to of 116753

Here's the new PDG reserves/resources by mine: biz.yahoo.com "As a result, Placer Dome's proven and probable reserves decreased to 47.0 million ounces of gold as of December 31, 2000 from 65.9 million ounces at the end of 1999. Other Measured and Indicated resources total 62.0 million ounces, up from 23.9 million ounces reported in 1999" About 80% of the reduction was a reclassification of development assets from reserves to resources (which we already knew) , and only 20% was due to re-evaluating current operations at $300 vs. $325. They still have plenty of profitable reserves and will continue to produce 3Moz+ per year. Note: combined reserves/resources is now 109.0moz versus 89.8moz