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

To: Zardoz who wrote (23941)	12/7/1998 2:03:00 PM
From: E. Charters	Read Replies (2) \| Respond to of 116764

Well all I am saying is that you cannot judge a book by its cover and you cannot judge a gold mine by the ultra conservative reserve figures in an annual report. They do not reflect the longevity of the mine. Just look at the history of Canadian gold mines. Some go back 90 years. They sure didn't have those reserves in any annual report. I used to work at Kerr Addison. I happen to know they fudged their reserves as they were afraid of being taxed on them. When they knew they had 7 years of mine life they would say 2 or three. They did this for 50 years. If you stick to paper and don't look beneath the surface you won't invest in anything. Internut stocks I don't see as having very certain growth. And if you are up on tech tell me this. Why should Uniphase grow? EC<:-}