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Gold/Mining/Energy : Minefinders, MFL -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (351)	3/21/2002 8:25:22 AM
From: Dan P	Read Replies (1) \| Respond to of 578

I believe you are correct: I know for certain only about Minefinders and Metallica. Off topic: Metallica is building up an enormous resource (CU/AU porphyry) which Noranda is totally funding, and apparently is Noranda's main project. However, your point is well taken: any junior with an established resource that is actively expanding it is likely to do well in this environment of gradually increasing PM prices. Francisco gold was taken out for about US $90+ for each ounce of gold in the ground. If you do the numbers for Minefinders with some extrapolation for an increased resource, one comes up with incredible numbers. No question, though, that the major and intermediate producers will need to look at projects like this for possible acquisition so as to maintain or increase their production. Regards Dan