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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (93732)	8/14/2001 6:15:03 PM
From: Jane4IceCream	Respond to of 95453

Sharpie, Take a look at FCX as Roebar noted on this thread yesterday. She looks very good. You also get a multi-national company dabbling in copper AND gold. Jane

To: Sharp_End_Of_Drill who wrote (93732)	8/14/2001 6:16:17 PM
From: isopatch	Respond to of 95453

Hi Sharp. Had been years since I'd even looked at ECO Roebear mentioned it to me a month or two ago. I DD'd it and watched for awhile during the recent consolidation in the golds before poking my nose in the tent. IMHO it's a good play that's not been in the limelight like the other favs. May add more on a dip. Iso

To: Sharp_End_Of_Drill who wrote (93732)	8/14/2001 10:03:15 PM
From: Frank Pembleton	Read Replies (2) \| Respond to of 95453

ECO in particular Sharp. My guide to buying gold stocks usually consist of companies that are; debt free, cash in the bank and massive reserves that are located in North America, Canada preferably. If the cash cost is $200, so what? I don't care as long as there is lots of it -- that’s leverage my friend. I looked at Echo Bay and passed on it about 5 months ago. Reason? At the end of 2000, Echo Bay had 5 year mining reserves, with negative working capital of $70 million. The fact that the company has negative working capital would indicate exploration isn't a top priority. Shareholder equity is -$35 million, yes that minus number again. Also, 30% of their gold reserves are sold forward at $310 an ounce. Oh! One more thing, total debt exceeds yearly revenue. Strong sell! Glamis Gold is something I'm working on; I'll keep everyone posted. Regards Frank