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To: Knighty Tin who wrote (150838)2/12/2002 3:03:06 PM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
Appreciate your mention of the S&P coverage on NEM. As a result I discovered that I had all the reports available through my broker; had almost decided to pay $5 to see it and then thought to check.

I guess if I am going to use one company as a proxy for the industry, that might as well be it. I wish that there were LEAPS available on the XAU.



To: Knighty Tin who wrote (150838)2/12/2002 3:22:57 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 436258
 
Kt,

Looks like you and I are looking at the Normandy hedge book differently when evaluating debt to net capital. I know - I know - my evaluation is not exactly according to accounting principals but somehow the book has to be dealt with - buying it back or delivering future production. Normandy's hedge book has to be one of the largest relative to production in the industry.

Joan


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