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

To: Claude Cormier who wrote (1443)	6/21/2001 2:56:58 PM
From: baystock	Read Replies (1) \| Respond to of 4051

<If gold is to stay in the $275 range for a long period, there are no producers that are good buys..(or very few). The only category of companies that make sense are the exporers that are looking for/developing something economic.> I would have to disagree with this. If gold stays at $275 forever even the explorers are not buys, including the likes of Francisco gold and Corner Bay. At least producers like Harmony and Goldfields are paying you a dividend while you wait.

To: Claude Cormier who wrote (1443)	6/21/2001 9:10:11 PM
From: jim black	Read Replies (1) \| Respond to of 4051

I also have to strongly disagree on the conclusion that at $275/oz there are no good buys in producers, e.g., Goldcorp (G.Tor, GG.NYSE) has the immensely successful Red Lake mine with 25 year estimated life of mine reserves producing gold at under $US 70/oz...and it is tightly held with the CEO's family allegedly owning ~75% stock, ala Bubblevision earlier this week. And Franco Nevada, though not exactly a producer, but owning 19% of Australian Normandy is very profitable on its royalty arrangements. I am at this scary point only invested in those two companies, recently chickening out out Agnico-Eagle since it is not making money at these gold prices though will very much so at AU=350-400/oz jim black