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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (74958)	8/13/2001 7:13:09 PM
From: long-gone	Respond to of 116769

No problem

To: Tommaso who wrote (74958)	8/13/2001 11:27:54 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 116769

<To me, that would seem to suggest that any rise in gold prices might be limited by efficiency of new mining start-ups.> Tommaso, The problem is that there are very few new deposits coming on stream that will allow gold to be produced at US125. The pool of economic reserves will come down dramatically in the years ahead. The seniors who are producing gold at $125 ared oing so because they are mining the best deposits, not because they are efficient...The average production cost of an ounce of gold will go up, not down. Claude