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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (23935)	12/7/1998 1:55:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116764

I'm not debating with you the way in which you value a company based on geology. But earnings come from the difference in production to that of sales. You can slice and dice it up into any way you want to: "The American habit of evaluation gold mines is to multiply their reserve ounces time the $50.00 US and dividing by the shares out. But in fact before 1996 no Canadian Gold mine was selling at less than $85.00 US per ounce in reserves. And that may because CDN producer ounces are conservatively evaluated in toto. I would hazard a guess that Dome is selling for over a $100.00 US per stated ounce reserves even now." But ultimately the earnings come from the price of gold. Many suggest that GOLD demand has picked up, but I remeber the line ups at the gold suppliers when it was $800+, there is not a demand going on. Since 1980's the supply of gold has gone up considerable, and the demand down. Two points you can not argue: 1) Monetary policies can be create to control the price of GOLD within certain ranges 2) With 1) in mind, Gold has no Growth, as inflation & deflation are controlled {or managed} This is why gold went up in 1980's. But many of the FED people are no longer there. But let's listen to the CEO of PDG, otherwise why would the likes of Peter Munk and crew go clamouring over Europe trying to find things to create with Gold? Let's make some coins, cause Gold supplies are building. I suppose you see today's actions in the spot & futures as signifcant of a majour move? "The annual report is entertainment." I find many a geologist assays as entertaining too. PS: Who all those that can read! I don't have any interest in 'Internut' stocks. And would not buy at 50000*PE. So stop thinking that I'm using them for my picks. Just realize that they have better valuations because they have better GROWTH POTENTIAL.