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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (19925)	11/14/2004 4:02:50 PM
From: dara	Read Replies (2) \| Respond to of 313059

Hi philv, If you include the 170,000 ounces for El Sauzal in 2005, it works out to around $6,800 per oz. Is that right? Jim Puplava did mention the following valuations: GLG almost $10,000 an ounce of production AEM $4,800 MDG $5,400 NEM $3,000 David Morgan agreed that the well-known companies were "very richly valued and the junior exploration or junior smaller producers are not recognized in the marketplace." Morgan continued, "So if you're looking to buy safely, as much as I tend to be reluctant on any old junior, but if you are selective and you buy juniors that have merit or are producing or are near production or in a feasibility or near a feasibility, that is value investing now. I really didn't think we'd see this." I am not sure that what he said makes sense. But that's what he said. The interview: (scroll to 44 minutes for this part of the discussion) netcastdaily.com The table: trinity.mips1.net :o) dara