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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: longdong_63 who wrote (20982)	10/30/2002 4:48:18 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 36161

right, so holding back now is smart, earnings dont matter but future earnings are gauranteed in production later I am most eager to observe the rise in share prices from liquidity flow, in total disproportion to production and even to reserves count I recall arguments that Snapple was a $10,000 lemonade stand one that offered earnings of $100 per year how is that for valuation? eventually the market wised up but in crazy mania times, valuation gets out of whack I expect to hear stories on justifying crazy high miner valuations that sound like... - they will find new reserves, it is their business - their production costs will drop with greater volume - mineral extraction chemistry is making great strides in engineering - by actual production, the price of gold will be much higher - spot shortages are becoming more widespread, price exploding - shorts are still out there hanging on, soon to be squeezed - their share prices will be higher next year I wonder if insane valuation metrics like "eyeballs" and "stickiness" will enter the equation how about "shiny ore" or "gluey deposits" ? I am getting silly the challenge for us is NOT TO BELIEVE IT and to SELL at that time I just hope this thread remains well grounded in reality greed can change perceptions of reality easily and quickly I look forward to those days in the future / jim