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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (21979)	12/10/1997 6:55:00 PM
From: Craig Freeman	Read Replies (2) \| Respond to of 33344

Scumbria, the following is contained within the first paragraph of ECO's 9/30/97 10Q: "For the nine months ended September 30, 1997, the company achieved ... a net loss of $365.0 million". For the year 1996, the company achieved ... a net loss of $176.7 million ..." The third paragraph begins with: "The cash operating costs at the company's four operating mines averaged $256 per ounce for the first nine months of 1997. Total production costs were $373 per ounce during the same period." So ... If the price of gold rises almost $100 per ounce and ECO is able to maintain its current cost structure, they will finally break even. I'm no expert in gold stocks but ECO is anything but a screaming buy. Craig