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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (83)	6/4/2001 5:38:20 PM
From: tyc:>	Read Replies (1) \| Respond to of 1643

Yes. This is a typical market opinion following years of declining commodity prices, and mining stocks are priced accordingly. Will the market feel the same way after a few years of rising commodity prices ?

To: Moominoid who wrote (83)	6/4/2001 6:26:29 PM
From: craig crawford	Respond to of 1643

all you need is to find mining plays who aren't overly hedged and who have proven reserves. then when the prices start skyrocketing because of shortages many stocks will far outperform the metal. look at coal stocks for instance. terrible plays that did nothing for years and years. many had very weak balance sheets. get the price of coal skyrocketing and all of a sudden they are doing secondaries to strengthen their balance sheet, you have ipo's coming to market and their stocks are up 8-10 fold off the lows. many mining plays will do well if metal prices start climbing.

To: Moominoid who wrote (83)	6/5/2001 10:29:20 AM
From: russwinter	Respond to of 1643

<unless you strike it lucky and invest in an explorer that finds the big deposit> There already are a score of explorers that have top quartile deposits and depending on variables like country risk, cost structure, expansion potential and the stage of resource/reserve definition typically sell for $1 to $10 an ounce. The leverage to even modest increase in POG is considerable. Gold at 265 is not much above breakeven (nearly profitless business model)with the worldwide total cost of mining. Gold is not as easy to find (and exploit)as some appear to think, many existing deposits are short lifed, and there is little real serious exploration going on.