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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: ralfph who wrote (3352)	11/3/2002 2:43:38 PM
From: marcos	Respond to of 8273

It could take a while, or maybe not, who knows .... doesn't matter greatly to me [when i don't hold it in Al's weekly contest-g-], since the value is there .... and even if it recovered fifty per cent or so, it's still far from maturity as a speculation ..... at PoG 350, each of the three millions ounces at Mulatos should be worth usd50-60 on a takeout, that would be roughly usd4.00/sh for new Alamos, or cdn6.00/sh .... anybody who thinks gold incapable of making 350 over the next year should just stay away from this stuff, so that leaves us True Believers, who are looking only for the best risk/reward ratios in playing the move .... i believe that in the low-risk category, i.e. firms with actual known metal, ngt has one of the highest leverages, also one of the best managements [now, or soon anyway] Last year ngt started to firm up around this time, after being real slack sept-oct ... then in december you couldn't buy it so near its lows anymore ..... could go the other way this year, hard to say, in any case a sale of it before spring equinox would be premature imho