To: re3 who wrote (47 ) 10/10/2001 1:00:03 AM From: marcos Read Replies (2) | Respond to Good part of it is familiarity, been following Aur for years - #reply-15044931 - held it only maybe a quarter of the time but it always treated me well then ... it looked cheap last December so i bought back in ... Quebrada Blanca will give them a lot of earning power when copper recovers, and for the short term they're well hedged, 70% of production at .87/lb until the end of the year, then i think it's 35% at .83/lb for two more years ... i don't know the current financial or production situations, but overall i've been impressed over the years with management's consistency in delivering more than they promised ... in some situations, not all of course, look at the ten-year chart, something had to go wrong ... and two years ago i thought they were nuts when they wanted to take over cbj.to, no idea what they had in mind there, i was out of it .... here's one important point i think, Aur is a near-pure copper play, 95% of value of production this year is projected to be Cu .... also they report in USD, don't let the numbers throw you ... it's not a short-term play for me, very likely a couple more years
