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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (2207)	3/7/2002 2:06:36 PM
From: TheBusDriver	Read Replies (1) \| Respond to of 39344

Well Liz this is how the oil patch went in the 80's, major merged with major making a bigger major til finally they got around to the mid tier producers and then the jr. oils. I don't see why gold would not be the same. We just need to identify the targets. I will be watching PDG now. Looks ripe to go to $10? Wayne

To: Elizabeth Andrews who wrote (2207)	3/7/2002 2:24:56 PM
From: The Vet	Read Replies (1) \| Respond to of 39344

Elizabeth, I'll take your figures and apply them to Gold Reserve any time... 21 million ounces of gold, half of which they own outright at acquisition price of $20 an ounce it works out to at least $8 a share according to my calculations. Seeing that you can buy them right now for 85 cents and they have around 60 cents cash in the bank that makes the gold pretty cheap.. Hardly an overvalued junior.. Granted the grade is .95 grams of gold and .15% copper but the strip ratio is pretty good at 1.3 to 1 (waste to ore)..