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To: LLCF who wrote (149058)2/5/2002 9:09:33 PM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
What it amounts to is these guys have been operating in the worst environment for years and years. Some have managed to become profitable under extreme duress and a low gold price. Any small favorable change in their circumstances, as in a local currency shift or up-tick in the POG tends to amplify their return on equity and free cash flow.

Did you catch MDG's report today?