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

To: marcos who wrote (26164)	12/31/2003 8:01:25 AM
From: que seria	Read Replies (1) \| Respond to of 39344

OT marcos: you're right, of course, although if Cuba weren't under the grip of a Stalinist I have no doubt that Guantanamo would long ago have gone the way of the Panama Canal (something I thought Jimmy Carter did right). But don't spread this notion about returning seized territory! Notwithstanding my nom 'd plume and an historically informed reading of 1846, I'm a Gringo of two minds about la reconquista. I don't oppose the ongoing playout of a "right of return," within liveable limits. But I have enough problems with what Gringos hath wrought in D.C. Imagine a gov't beauty contest, in which the people would ultimately vote with their ballots as well as their feet for their rulers. Mexico would require a makeover of stupendous proportions to reach the sorry state of U.S. gov't and offer any comparative appeal to the great mass of voters. And how great if they did. What a dream!!

To: marcos who wrote (26164)	1/1/2004 6:45:56 PM
From: The Vet	Read Replies (1) \| Respond to of 39344

Marcos as you quite rightly say "but it has nothing to do with speculating in the juniors," so let's get back to the origin of this discussion. You have clearly stated that you believe that the political situation in Venezuela is an impediment to Gold Reserve (GRZ) and by that I assume you mean that it extrapolates into a lower value and lower share price in the market. As GRZ's proven and probable reserves are valued by the market at about $13 an ounce, (by far the lowest of the top 60 gold companies according to MineWeb by several factors of magnitude), if the Chavez factor wasn't an issue, what would you think would be a fair price? mips1.net In addition we have to assume that other companies who mine or explore in Venezuela (in whole or in any part of their operations) would be similarly affected, so would you like to apply the same factor to Hecla, Crystallex, GoldFields, Boliva, etc. and tell us how much their share prices are likely to increase without Chavez in charge? I am particularly interested in the Bolivar situation which, if you read the table from Minweb had it's gold in the ground valued at $179 an ounce at the same time that Gold Reserve was valued at $14 an ounce. There have been some slight changes in the share prices since then but they are not significant, so over to you for the explanation and justification of your statement. Have a happy and prosperous New Year!