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

To: loantech who wrote (5092)	1/21/2006 2:36:34 PM
From: ogi	Read Replies (2) \| Respond to of 78431

Hi Tom: Don't see any big negatives in PAT except it seems to take very large drilling efforts to establish additional reserves and maybe just not very sexy. That hardly qualifies as a fair assessment. There are no big caveats that I am aware of. As far as POG argument perhaps we are splitting hairs a bit. However, the fact is inescapable that producing mines are more tied to the underlying commodity than the explorers are. Also, if the explorers are in rarified air where do you think the miners are right now? So, if the US economy stumbles or copper drops to $1.50 lb what does that do for NGX? I do not see an end to upward commodity prices right now but I still prefer things that are not reliant on the increases in prices for success. I would liken it to buying antiques, you are never better off buying cheap stuff because it is a lesser item than you would be buying the best quality in the first instance.That might ignore the unusual leverage that exists in the commodity world but it is not a bad maxim to go by. NGX is doing well and as I said I was impressed that they are making numbers I did not think they would. Gotta love those copper credits!! I must agree that patience would let you pick entry points at good prices without waiting 18 months for drills! That is definitely a tedious process. Just think of all the bagpipe music Wayne has access to, would Toby Keith still do it for him after that???ggg Meanwhile, I will be lurking with the stinky bids for GYD. I am very glad to hear you went out and had a good time at a concert Tom. Cheers, Ogi