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

To: russwinter who wrote (2258)	3/8/2002 9:39:37 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 39344

Russ, I think many will be surprised by what BAY will come up in the feasibility. Cash flows of at least $1,25 per share next year and betond..cannot sell at $3+ for long. There is also the exploration potential that everybody is forgetting. The northeastern extension as well as the high feeder zone of $100+/ ton material. Keep in mind that the reality is still that we are not in a bull market. This $270-$310 trading range could last a few more years. P.S. I guess I will look closer at WTX and Penasquito.

To: russwinter who wrote (2258)	3/8/2002 10:03:09 AM
From: marynell	Read Replies (2) \| Respond to of 39344

"Mostly I've gone into some cash." Russ, I sold all of my FGX yesterday, my largest holding, so I now have more cash than I have ever had. I am in no hurry to spend it. I am waiting on the next BAY or FGX, meaning a low-risk triple. Several years ago I followed WTC. Isn't the San Nicholas deposit uneconomic? Are you buying it because that gives it good leverage to copper and silver? W.r.t. BAY, I still own mine (at an average cost of C$1.8/share), but there is no margin for disappointment in the feasibility study. It's a long time from now, but there will be some excellent tax-loss trades in December if gold is below $285/oz. Nevsun will likely decline to C$0.30/share, and MNP could see C$0.8/share. Our cash may look great this December.