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

To: Elizabeth Andrews who wrote (2504)	3/18/2002 10:20:05 AM
From: tyc:>	Read Replies (1) \| Respond to of 39344

You are looking backwards... I am looking forward. I want a basis of comparison with other companies.... you seem fixated on NGX past performance. OK if you wish to discuss "spreads", tell me please, what will be the "spread" received in 2002 ? It is 2002 that I am interested in. Do you insist that I look back to last year to find the answer to that question ? Please, can any of the other experts on this thread pronounce on the issue, even as stated by ELIZ in this posting ? Claude, how about you ? Is the "spread" the same for gold-in- concentrate producers? i.e the difference between cash cost and the market price of gold? Are transportation and smelter charges (etc) all included in the stated "cash cost" ? The question relates to the industry and normal terminology, NOT just to NGX ? Ah ! But here is the important question. If the price of gold increases by $10, will the spread increase by $10 dollars also ?