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

To: loantech who wrote (8291)	3/5/2003 8:35:47 AM
From: russwinter	Read Replies (1) \| Respond to of 39344

Claude Res. looks like a good small producer, but doesn't quite fit my profile. Nor really do the recyclers like APG and QRL. I have an open mind to them, but right now I just don't get why owning small $200- $250 cash cost mines is a good proposition. I guess I'm looking for a different higher threshold niche and can see a sweet spot in the market right now. I'm seeking threshold names that will be piers to or added to the blessed four mid tiers (GG, AGE, MDG, and GLG). Now what do those have in common? Low cost, good production (300-600k oz), unhedged, and some pipeline. One other characteristic of the blessed four: investors pay a big premium for them. The names I've been mentioning have the potential of entering that group over the next few years, OR, they may just get munched by someone else up the food chain. One of the companies that presented at Nesbitt Burns was Ivanhoe. Man, that Robert Freidland can shoot the shit, kind of fascinating big visionary stuff that I have a weakness (or maybe it's a strength?)for. He thinks the peer for his Turquoise Hill (Oyu Tolgoi) deposit is Grasberg! Only his is better.You ought to listen to it if nothing else for the entertainment value. To me it beats "Millionaire Joe" anytime. I'd appreciate some "earth to Russ" feedback on what others think of IVN.