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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: kimberley who wrote (23895)	10/31/1997 10:07:00 AM
From: Anne Lamb	Read Replies (1) \| Respond to of 35569

sigh..he was just gettin to the low cost and new mining techniques and oops..time to go..and they went to commercial <hey kim..Kjeld isnt hard on the eyes eh? <g>

To: kimberley who wrote (23895)	10/31/1997 10:08:00 AM
From: John D. McClure	Respond to of 35569

<<He was just on... seemed close to saying something a couple of times, but they cut him off at the end. He did mention emerging low cost producers, high cost mines closing, etc.>> 'Not surprised he was treated that way. The talking heads love paper and hate gold. I am sorry, but I have absolutely no respect for all those talking heads on CNBC or any other business show. They are, in my opinion, puppets dancing to the tune of their corporate masters. *JDM* Long John

To: kimberley who wrote (23895)	10/31/1997 10:10:00 AM
From: Tommy Chester	Respond to of 35569

Kimberley, I just felt like IPM was on the tip of his tongue after mentioning Stillwater....maybe, wishful thinking....VBG. His major point, I think, is that gold production costs are at a 12-year low (down $5.10 today to $312.10) which is below the average cost of production in South Africa (largest producer) where costs are $322/ounce (high $200s in North America). Mines are operating at a loss and more will close their worst performing mines. Net effect: Lower supply will lead to increased prices. Best to everyone, Tommy