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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: goldsheet who wrote (8120)2/25/2002 12:25:48 AM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 36161
 
Bob, Re: base metals.

What base metals do you think have bottomed? For example I have been looking at copper and PD. This company seems to be leveraged to the hilt and looking at history during a recession in my opinion it should be trading at half the current price.

I missed AAUK during the sell off in September which was in my opinion a good price. I am in the camp of a double dip recession and expect to get another shot at this one.

Where do you think platinum, palladium and rhodium are going? Have been waiting for IMPAY and AAPTY to correct. Am waiting for the auto industry to tell the world things are terrible. <g>

While I am asking you questions, do you have any idea what the fair value of NEM is given gold at $300 an oz? Have been looking at the new company and am having a hard time figuring out what Normandy is worth considering 80% of future production is hedged. Right now it looks to me like they paid a hefty price for Normandy. Wish I knew what Normandy properties they plan on selling and what they are worth. Things are rather murky at the moment.

Joan