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

To: Claude Cormier who wrote (1929)	8/26/2001 7:51:23 PM
From: Jim Steel	Read Replies (2) \| Respond to of 4051

Hi Claude: Yes, I have changed my mind to a certain extent on Francisco Gold. I'm not a fan of El Sauzal ever going into production. This, largely based on a complete analysis of raw assay data (and interval recalculation)courteously provided on disk for every hole into the deposit. I am a fan of the Marlin area, if only because the plate tectonic situation of that part of Guatemala virtually guarantees that the heat sources driving gold mineralization emplacement were vast. Well, plates are still moving, so the process likely continues. The analysis I did was in response to a question on whether further mineralization discovery at Marlin had already been factored into the stock. I concluded it had, and was reasonably right until the gold price spiked in May. Finally, raw data to use! I then calculated the leverage to an actual (not theoretical) rise in the gold price for about 600 global gold stocks, and ranked the top 50 on four separate parameters. Bearing in mind that the percentage gain is going to be larger for a 30c stock than a 5$ stock, Francisco Gold holds position 38 of the global top 50. Minefinders was position 10 of 50. Geomaque was position 6 of 50, and our mutual favourite Birim rounds out the global top 3. Given that several Mining Insights Members have large Francisco positions, I try to be as objective as possible. Might be time to put out another FGX report! Merci, Claude! Jim Steel Managing Director Mining Insights Inc.