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

To: Claude Cormier who wrote (6458)	12/30/2002 9:28:44 AM
From: russwinter	Read Replies (1) \| Respond to of 39344

<It was perfectly normal for stocks with gold in the ground to sell at $100 or so per ounce.> @ 380 POG, I think that will only be true of top quartile (below 150 cc) deposits of which there are few. I really don't see much interest developing in higher cost deposits, mainly because the majors continue to hear footsteps, and the capital isn't really available for smaller companies. But, going into the top quartile, that's where there should be some premium buyouts, and also the emergence of a new generation of mid tiers or even majors.