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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: MrsNose who wrote (2691)	5/20/2001 12:02:21 PM
From: Rocket Red	Respond to of 11802

The Gold price will have to move to 325-350 before you would see any new mines being opened up.As well the Gold price would have to stay there. When Gold hits 300 New players will come in but the Key Resistence is 320 thats when all hell could break loose if Gold goes to 320 and holds.

To: MrsNose who wrote (2691)	5/20/2001 12:14:44 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

Margie, All your questions are certainly valid for those thinking of investing in gold stocks, although I'm not sure anyone can answer them honestly. One approach I've been taking with the gold mining and exploration juniors, I own a few, is to make sure they have cash in the bank. If the gold price crashes again at least there is some actual value in your company shares. There are quite a few abandoned mines that just weren't profitable to keep open the last few years, and I would expect they would be the first to recover during a lasting gold price upturn. The cost of re-opening these mines would be much less than developing new ones. Personally I think it is way too early in the cycle for the financing to be readily available to the exploration juniors. Unless...they already have JV's with cash rich seniors. BWTHDIK regards, Al

To: MrsNose who wrote (2691)	5/20/2001 11:42:37 PM
From: ralfph	Respond to of 11802

None economical deposits starting to reopen because of the rise in gold price . I doupt much will happen in this area unless the price is firm for a few years. What you can expect to see is some running mines increase output (extra shifts ) and lower quality ore making it to a companys leach pads. Most running mines will have a bunch of higher cost ore that they will try and burn through when the economics makes it posible to do so. Alot of mines have been running below capacity and will increase production pretty quick if the economics look good. But they are always looking to increase their reserves. Could be we see some takeover action kick in. And the little guys could start making noise in an attempt to raise some cash. It has been very lean in the mining area for too long. regards ralfph