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

To: russwinter who wrote (63307)	2/4/2001 7:12:46 PM
From: goldsheet	Respond to of 116767

> This business model is like watching a mouse on a well worn trendmill, Never said it was a good business model, just the one the mining industry uses, which means production will continue all the way down to the cash costs. > The smart operators should aggressively mothball this production for better prices Theoretically sounds good, but who wants to go first ? If you and I were the only two gold producers, I would be most happpy to see you mothball your operations, have the price price, then I can immediately benefit from it while you scramble to ramp up operations. Individual companies just do not do what is best for the overall industry