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

To: Claude Cormier who wrote (2209)	3/7/2002 1:55:32 PM
From: The Vet	Respond to of 39344

I agree that with gold under $300 and copper at it's present price, this project will probably not get started but the same applies to virtually all the undeveloped deposits anywhere in the world. However what has not been factored in to these calculations is that recent devaluation of the local currency has made Venezuela a very low cost production country. Look what happened to the South African gold companies when the Rand weakened. As you point out gold at $325 will make a huge difference.