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

To: russwinter who wrote (65414)	3/11/2001 11:22:44 PM
From: marynell	Read Replies (1) \| Respond to of 116815

Russ, It would be interesting to know how fast the industry can expand if gold soars to $400 to $500.oz. I would think that with these prices the companies can get credit and raise money with stock offerings, the fab shops will quickly turn out drill rigs, the crews will be trained, and off we go. Aren't there many large, high cost deposits for which the feasibility studies have been completed? Assuming that the feasibility in in place, how long does it take to get the mine financed and under construction and then operating? With the feasibility study complete and $500/oz motivation it may not take more the 18 months? Perhaps a more relevant question is not how fast the mines can ramp up production, but at what price the individual Indians and Chinese will part with their jewelry and nest-eggs.