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

To: Elizabeth Andrews who wrote (2234)	3/8/2002 12:53:00 AM
From: The Vet	Read Replies (1) \| Respond to of 39344

<Those numbers might apply to Gold Reserve IF gold is above $350. Right now the deposit has a very low present value of maybe $2 per ounce.> In that case your figures of $20 an ounce for reserves probably apply to all undeveloped reserves only when gold is above $350.. Are any of the other juniors with reserves that you can name trading in line with your $2 an ounce valuation? By the way, even $2 an ounce values GLDR at over $1.40 when you consider they have no debt and cash in the bank...