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

To: ms.smartest.person who wrote (3515)	5/4/2002 10:10:14 AM
From: russwinter	Read Replies (2) \| Respond to of 39344

This reference is true in spades and is what I wrote about extensively last year on this thread when there was no audience. <"The major gold mining companies of the world will have a voracious appetite for replacement reserves (as the gold price heads higher now) as they chew through more than 30 million ounces of production a year." Precious Metals & Minerals Nesbitt Burns March 2002.> I correspond regularly with David Vaughn, and really appreciate him for being one of the few to really get enthusiastic about this sector as it was lifting off. I agree with his LONGER term view on commodities and gold as nobody has been a greater proponent of the dearth of exploration/reserves theme than I. But, it's sometimes the SHORTER term that kills speculators in extremely volatile sectors like the juniors. Many of these names are already up 300-400% from late last year and IMO are getting fairly (but not generally overvalued in the junior sector) valued. The more recent buyers may just be trend buyers and bandwagon hoppers without the conviction of a David Vaughn. Go back to this thread in October and count the postings in a one week period(usually from a handful), and compare it to now. And is the fact that Claude is the #33 most bookmarked individuals on SI really a buy signal? Where were they when Claude recommended BAY, CBD and MFL at a buck? I would poise this question: if POG suddenly reversed course to 299 just temporarily, what would the latecomers do? Hate to rain on everybody's parade, but be careful out there, and stay focused on value (I'm not seeing a whole lot here now). Even if we head to 325, few deposits will work. I'd still stick to names that have the prospects for being in the top quartile (under 160 cash cost, and reasonable capex). And as most of the more well known names in that group have been marked up, one will need to find early stage names to get the big bagger returns.

To: ms.smartest.person who wrote (3515)	5/4/2002 10:45:10 AM
From: coug	Respond to of 39344

Hi Merryfield, FWIW, my comments on the Seabridge properties. They are, IMO, as we used to say, "low-grade men", it looks like..<g> So IMO again, it is a play on the POG. Grassy Mountain and Quartz Mountain were drilled extensively in the 80's and early 90's if I remember right and couldn't quite be put together then. And both being in Oregon makes for a lot tougher permitting too.. Tough ones IMO. Hog Ranch, a former Noranda operation, again if I remember right, was a tough go from what I know in the same time period. Red Mountain, I assume the one near Rossland B.C., a historic high grade producer in the very early 1900's, but again, from what I know, nobody has been able since to get things going. A lot of it might be deep. The Walker lane, another area IMO, where it is difficult to put together sizable (+1 mil ozs) consistent reserves.. Borealis, which I just read they tried to acquire is located in that trend, is one of the best there IMO, other than historic high grade districts, ie, Comstock to Goldfield, which have been looked at extensively of course in the modern area. Just my thoughts and thanks for bringing it to my attention. Good luck, coug

To: ms.smartest.person who wrote (3515)	5/4/2002 11:17:56 AM
From: Fishfinder	Respond to of 39344

Boy some one has a lot of hot air to spew on that page; three to five thou $$ gold, gimme a break!!! I would offer a big word of caution and settle down boys to that review. SEA.V needs a lot of looking at before making any investment I'd say. One thing to remember about British Columbia. We are big on environmental issues ir-regardless of what the new govt says. Also the natives are very restless in this province and have had the ability to and power to shut lots of the white mans dreams down in the past. It would be a good idea to find out if any of these problems exist . Scott