Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ItsAllCyclical who wrote (26408)	1/23/2003 2:23:28 PM
From: Roebear	Read Replies (2) \| Respond to of 36161

ItsAllCyclical, NEM takes out 30.60 and few technicians would say it's bearish. Least of all me, ggg. For some reason, likely the bargain prices on a few, I've been drawn to silvers today and have pretty well shot a full spread of torpedoes. Now all I have to do is wait for the KABOOM and the sound of tortured shearing metal and the shrieking of USS Shorters sailors hitting the burning oil on the ocean! With that pleasant thought, I bid all adieu for the day, ggg. Best Regards, Roebear

To: ItsAllCyclical who wrote (26408)	1/23/2003 2:33:09 PM
From: Roebear	Read Replies (1) \| Respond to of 36161

ItsAllCyclical, Just in case you didn't see this on Yahoo: General thoughts on 2003 and 1Q by: pcnisbet (45/M/Moscow, ID) 01/23/03 12:21 am Msg: 37231 of 37308 Looking at the Costs and other factors over the 2002 year time frame and the revenues that should flow from existing operations and the current production schedule, things look pretty interesting. Costs over all should be around 100 million dollars, but revenues over 2003 if the gold and silver price hold above $350 and $4.80 should jump to $150,000,000. The Zemex thing and several other factors take care of the small hedged position effects on earnings. Looking at it all, there shold be 11-12 cents a share earnings every quarter of this year and that would beat expectations of the current Est EPS by just under 20 cents a share. Now Ivanhoe does not come on till 2005, B Block in 2004, but we might see increased production if drilling is completed and development work at Perdenelillo comes in. Still, this year may show higher then the 2002 production numbers in terms of ounces. Going forward, it should show even better, rising as each new project gets into production. I suspect that over 400,000 ounces of gold will be produced by 2005, 25% higher then what Art was looking for and the highest gold production by HL in its 112 year history. Thats well worth the probs of a few days dealing with some dilution. have a great day, Roebear