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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Rollocaster who wrote (4871)	1/17/2006 10:03:37 AM
From: loantech	Respond to of 78419

<easy 40% and they sold yesterday aswell... Dynamic, Sprott, Royal Bank all made it big... Food for thought for us slaves of daytrading.... and nuggetfinding!> Lester not a bad idea at all if you can time the in and out.

To: Rollocaster who wrote (4871)	1/17/2006 10:12:59 AM
From: ogi	Respond to of 78419

Hi Lester: I am going with B, an average corrective Whack. I see nothing that disrupts where gold is going, just had a hunch some people would like to assert themselves today and try to demonstrate who "runs" things! gg I have some cash but I am not backing off right now, besides most( really all!) of what I have is dependent on the drill bit so in my view it is about finding a mine and that is less dependent on the POG. I did not know NGX could produce that cheaply Although it appears the $59 cash cost is a bit of an aberration, nice one too. "The cash cost of production at Kemess in the fourth quarter was $59 per ounce bringing the average 2005 cash cost to $205 per ounce. The record low cash cost set during the fourth quarter stemmed from record copper production and strong copper prices which averaged $1.95 per pound on the London Metal Exchange during the quarter." Much better numbers in total than I would have assumed are reviewed in that NR: "Fourth quarter 2005 production highlights: * quarterly gold production of 94,405 ounces, the second highest quarterly production in the history of the Kemess mine; * record quarterly copper production of 24.7 million pounds; and * record low quarterly cash cost of $59 per ounce. 2006 production forecast highlights: * The Kemess mine is forecast to produce 320,000 ounces of gold and 84.6 million pounds of copper during 2006. * The cash cost of production, net of byproduct credits, is forecast to be $170 per ounce assuming a copper price of $1.70 per pound. * Exploration spending will increase to a total of $7.8-million with $3.8-million to be spent on the newly acquired Young-Davidson properties and the balance on Kemess claims and the RDN property." Obviously Northgate have really benefitted from the leverage to commodity prices. Hope you reeled in some cash with it!! I almost always direct friends to mutual funds. Unless they are very active investors who can remain knowledgeable about why they own a pm or JR stock, they need a fund manager.Period. If I lose money, so be it, if my friends lose I feel awful. Cheers, Ogi