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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?

To: RagTimeBand who wrote (75)	11/5/1998 5:04:00 PM
From: John Mansfield	Read Replies (1) \| Respond to of 587

'NEM is second NA GOLD producer behind ABX. Most of their production is now in N and S AMERICA with their leading project in YANACOCHA where they extract the chipest GOLD in the world at 80$ / ounce They are virtually unhedged and offer a tremendous leverage to GOLD spot. They will start producing GOLD and COPPER in BATU HIJAU , INDONESIA next year where they hold 45% of the project which will yield eventually 377 t of GOLD and 5 million t of copper. NEM all time high is 60 $ but if GOLD goes to 340 the stock will trade in the 45/50$ area as they lowered their extraction cost by 25% in the last 2 and a half years. They own properties in PERU where they will make huge discoveries in the next 2 years. Buying NEM long term is good but all is in the timing. gold-eagle.com as of 11/5/1998