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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (96644)	12/8/2003 6:34:56 AM
From: d:oug	Read Replies (2) \| Respond to of 116900

an Enigma Conundrum (or) Conundrum of an Enigma - How can Enigma "Put Foot in Mouth" when, Enigma already has "Both Feet in Mouth" and, chew gum and touch his nose at the same time? - Answer: easy when your conundrum is a co-numb-dumb - Lets start at the end to reach the beginning of the start. - To: Doug A K From: Enigma OK Doug - wrap your mind around this and get back to the thread - point by point - too much to ask eh? ..... From: russett - Point 1 ~~~~~~ Look at Barrick and its rivals... - cashflow per market cap - oz produced on a market cap basis - reserves per market cap and you will find... - others have just come up to approach Barrick's numbers - Barrick is currently number 2 wrt these measures - Barrick has had an inflated valuation for nearly a decade - others have come up to Barrick's inflated valuations - Point 2 ~~~~~~ ... these valuations will have to come down as most producers have little to negative growth and poor profitabilities. If it weren't for their ability to float new share issues [most] of these producers' balance sheets would look very sick, ...dilution of shareholders saved their arse. - Point 3 times 3 ~~~~~~~~~~~ Barrick on the other hand has no net debt... Barrick on the other hand has no net debt... Barrick on the other hand has no net debt... - Point 4 ~~~~~~ Point 4 is a For Sale of the Brooklyn Bridge if u believe point 3. - Point 5 ~~~~~~ [Barrick's] most active exploration and development profiles in the gold industry, partnering with dozens of juniors... - Point 6 ~~~~~~ [Barrick's] meatheads [have] little understanding of mining, exploration, forward selling of production to lock in base price, and the basics of financing construction of mine projects. - Point 7 ~~~~~~ Barrick shows superior fundamental numbers to most, if not all of its competitors. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ok Enigma, - Proof in the Pudding to have you Walk russett's Talk. - Please use the following web site to "Where's the Beef" GoldSheet Mining Directory - Comprehensive Mining Resource poorsheetlinks.com But then, it easy for russett to coat Barrick with fools gold paint.