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

To: goldsheet who wrote (2270)	9/21/2001 7:34:55 AM
From: russwinter	Read Replies (1) \| Respond to of 4051

That WMC $60/oz price tag really surprises me. That's an all in cost of nearly 255, which is too high. Also strange that they didn't use more overpriced script, but hard cash? Message 16136154 If that's what these guys pay for above the median production then we all need to rework our figures much higher for the top quartile advanced staged projects out there, or even the top half producers. I've been assuming the target was no more than 210 all in cost (@275), maybe 220 if they thought 290-300 would stick. TVX (180ish cash cost) would project well in this scenario, and would seem an obvious target (AU?). At least it's good news to see a non hedged operator like Goldfields get a toe hold in the land of the monster hedge book, Australia. Despite my amazement at the price, I rate this event as bullish for gold stocks and POG.