Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : A "A" list of JR gold mining companies -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (67)	9/16/1998 9:52:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 169

THC, Disagree. Several miners are getting positive cash flows at $250. Under that the list goes down very fast. Still, if these miners are in good financial health..they will survive. I am thinking of miners like Glamis Gold whith no debt and $40 millions in the bank, Viceroy, which is fully hedged at $405 and has several millions in the bank...and many others. These will survive even if gold stays below $250 for 3 years. Not so for DRD. Of course, GLG and VOY and others don't have DRD's leverage...farm from it. But they are much less risky. The big question is how long will it take before gold really starts its move to the thousands...and how long will it stay below $300.