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


To: Real Man who wrote (1492)6/26/2001 6:43:54 PM
From: teevee  Read Replies (1) | Respond to of 4051
 
Vi,

you can't deny that barrick is smart....And buying HM is a smart move as well.

Here is my take on the deal..

Homestake is in for 38%? of Cameco's Ren project adjacent to Barrick's Meikle (purple)vein on the Goldstrike property, which has produced 18.6 million ounces since 1967 and has 24.5 million ounces reserves (I understand that Homestake came in after Cameco bought out Uranerz).

barrick.com

Could the reason why Cameco has been drilling for the last six months be a gold discovery with potential for 10 to 20 million ounces?

magmachem.com

Maybe this is the main reason why Barrick has made an offer for Homestake?