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

To: Davy Crockett who wrote (1894)	8/21/2001 10:32:53 PM
From: d:oug	Respond to of 4051

"FWIW, [gold stocks] mostly way over priced.."(Brumell) Peter, I'm still confused, even after reading the replies. Not sure, but i get the impression that what is being said is that if the price of gold exploded to a value not expected, like $500 rather than a range between $290 - $350, that those big gold mining companies would not have enough time to acquire those companies that are not producing in large quantities, but have good reserves. By this i mean that if the price of gold went to a $350 level and stayed there for months and months, that the big producers would be able to buy up these small companies with reserves using cash and whatever else is used, but with a price of gold like $500 the share prices of these small companies with good reserves would be too expensive to buy. I think that might be what a post here today said when they should of done that yesterday. Might the bottom line be that at today's status quo many of these largest gold producers have not the reserves in the ground to continue more than 5 years just using what they now have? I think this was discussed a few times in the recent months. With the devil in the details, and details not always available for these companies to the public, its some what a guessing game. For sure this is where Bob Johnson's web site is needed, especially if those like Russ Winter would allow Bob to add to his web site researched information that has the flavor of opinions and estimates derived from facts and numbers. But then the end result would be posted here, so i guess Bob and Russ could develope it off line and post the results here as a post listing producers and reserves in the ground with cost to extract. But then that may have already been done. doug