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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (672)	4/4/2001 8:51:03 AM
From: que seria	Read Replies (1) \| Respond to of 4051

By leverage I meant the benefits to Normandy of costs in a depreciating currency and prices received in an appreciating currency. In this context leverage = currency trend juicing up operating profits from mining (if any). If the US and Australian dollars reverse their trends, the same leverage works against Normandy, as it would then have its costs paid in a currency worth more and income received in a currency worth less. Over time that has added up for Aus producers. I haven't looked at Normandy's filings to see how it gets paid for its hedging, but being an Australian company with Australian operations I'm assuming it converts any greenbacks it received into the Aus dollar. If I were buying I'd want to know. I'm not saying the almighty buck will remain so, just that for now and perhaps the intermediate term it is so.

To: Davy Crockett who wrote (672)	5/23/2001 10:55:33 AM
From: kirby49	Read Replies (2) \| Respond to of 4051

Peter: I was just updating charts and things and getting ready for the time I will rotate from the seniors to the juniors. Thought you might like these charts. Must do DD on them yet. Anyone else want to comment? bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com bigcharts.com