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

To: ralfph who wrote (2340)	9/25/2001 12:52:24 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 4051

With the global recession just starting, I don't think that senior base metals are the place to be. Message 16405420

To: ralfph who wrote (2340)	9/25/2001 3:17:19 AM
From: goldsheet	Read Replies (2) \| Respond to of 4051

Claude is correct that going into recession is not the time to buy, I think it is time to start looking and tracking the beaten down base metals stocks. The new 52 lows do catch my eye every day. I know I would love to pick up some INCO sometime in the future at under $US10 (it's 12.84 today) because I know in the next cycle it can hit $US25-30. I have not really analyzed TeckCominco to include all of its combined assets, but it's probably good for an easy double IF you buy it at the right time. Teck had planned to spin off TeckGold, but the timing isn't right. Teck is the operator and 50% partner of the Hemlo Mines (David Bell and Williams), so I am wondering what Barrick will do after completing the Homestake merger (who owns the other 50% of Hemlo mines) Noranda is also of interest to me, now that it is US listed. Falconbridge, however, might be a better play. Maybe one day Noranda will buy out the rest of Falconbridge. much like Teck eventually decided to takeover Cominco. Of course Brascan owns a big chunk of Noranda, so that is another corporate structure could use a fix. Probably outside your area of interest is Southern Peru Copper, which was 55%+ owned by ASARCO which was acquired by Grupo Mexico. Another affliated company that should really be a fully owned (100%) subsidiary.