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

To: russwinter who wrote (998)	5/16/2001 6:45:39 PM
From: TrueScouse	Read Replies (1) \| Respond to of 4051

Russ and Claude: Thanks for your comments. I like CC's reminder about the days of $100 valuation per oz! It's good to dream... While I agree with Russ that these sorts of values seem out of the question at this point, I don't see why they shouldn't return in a major bull market. And 1995/96 was not a major bull -- just a good healthy market with the POG in the $375 to $400 range. I intend to hold stocks such as CBD until at least that range, and I'll be holding part of my position permanently until "the big one" finally comes along :^) <<In CBD's case, we need to bet on the numbers being tweaked lower, as right now they are over 175.>> It looks like there's a good chance of this. In fact, I'm surprised that they are as high as quoted, given the shallow nature of the deposits and the high grades. One clue to this may be in the annual report where it states (re Meadowbank): "...favourable production scenarios require a minimum additional 2 years resources/reserves at similar grades and mining parameters (to meet a 10-year minimum mine life at the studied production rates) and/or improved gold prices". So it seems that they've got an 8-year mine life "in the bag", and that a reasonable increase in reserves through the current exploration program could change the economics considerably. Ah, so many good juniors and so little cash... :^( Howy