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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (10378)	3/18/2004 9:06:15 AM
From: russwinter	Read Replies (2) \| Respond to of 110194

<This also suggest that many other companies will be affected in the same way in the mining community. It is better to delay construction. > Sounds like many years of train wrecks to me, except the world economy won't survive it. Sort of a Darwinian environmentalism though, the tree hungers will love it. This also completely debunks the output gap, excess capacity theory that the Fed uses. I agree, just buy CLG anyway as a call on developable gold. The rigged market will just put it in shorter and shorter supply, PLUS there's still the crack-up boom potential. I think it also increases the odds that they sell Meadowlark to a major, as the majors have their supply chains more established, can get it done better. Small outfits won't be able to develop these mines now. Tom (and you) need to confront his buddies at CLG about this. Here's how the conversation betwen CLG and NEM or KGC, or whoever should go. "We are for sale, the price has come down slightly, but while you wait, we are a doubling our exploration program this spring and summer. We are going after another two million ounce resource, and when we find it, the sale price will go higher. So we are a moving target."