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To: craig crawford who wrote (110654)	6/29/2001 8:51:38 AM
From: Horgad	Respond to of 436258

Barrick may go up, down, or sidewise. To me, it is irrelevant. I like to know and understand what I am buying. Unraveling the mystery of all of Barrick's hedges and getting a good understanding of what will happen under different gold price scenarios is a task that I would rather not try and tackle. After the unraveling would I still want to buy Barrick? Don't know... But I do know that with an unhedged miner, that an increase in the price of gold has a direct effect on their profits and my profits with no traps if the price of gold goes up too far too fast. This is what I want to bet on and this is what I am betting on. If I felt the price of gold was going to go down or even stagnant, I might consider Barrick, but likely I would invest outside the gold industry. Happy Investing Ho