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

To: tyc:> who wrote (3493)	5/3/2002 9:10:43 AM
From: peter snowdon	Read Replies (2) \| Respond to of 39344

another thing that interests me is using this as a basis for comparison with larger/more profitable companies. i haven't had time to do the figures in detail, but first back-of-envelope calculations seem to indicate to me that BOTH WRM and NGX are very cheap as a way of buying in ground reserves compared to GG or NEM. clearly, they cant compete with GG's cash costs, but NEM is comparable. clearly there are many other factors, but i'm trying to concentrate on gold that is likely to be mined over the next 5-10 years, if $325 becomes the new floor price. perhaps i am beginning to understand the attraction of the junior end of the market as a way of leveraging gains to a rising POG, with minimum downside risk...:-) thanks for the comments. more later, p