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

To: goldsheet who wrote (1702)	7/24/2001 3:10:14 PM
From: tyc:>	Read Replies (2) \| Respond to of 4051

Re your 1702 and the Troilus Gold mine; This marginal mine is producing 140,800oz gold per annum. A $10 increase in the POG, would therefore increase cash flow by US$1,408,000, just as it would if cash costs were below $200. All significant capital expenditures are behind it, and the mine is debt free. Future cash flow is therefore FREE CASH FLOW. Does Russ contend that it is mines like this that should be shut down forthwith ? ... The market price of the company is less than its working capital. The market, therefore, apparently ascribes no value to this mine, (nor to any other of this company's operating assets). Why are knowledgeable people like you and Russ so derisive of such mines? Isn't this the type of mine that will offer the greatest percentage return if the price of gold should climb ?