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Gold/Mining/Energy : AREA PLAY-Carlin/Battle Mountain Trend -- Ignore unavailable to you. Want to Upgrade?

To: J.E.Currie who wrote (30)	12/14/1998 11:18:00 AM
From: J.E.Currie	Read Replies (1) \| Respond to of 49

For my money the key is cash cost of under $200.oo, and lower. I'm not familiar with TVX's Greece property, but those Northern Nevada companies such as GGO make money even if we have $250.oo gold. My point is-Placer chose the best of both plays. That's a hedge! cbs.marketwatch.com For my money, the most interesting deal: Canadian mining company Placer Dome Inc. (PDG) agreed to buy Denver-based Getchell Gold Corp. (GGO) in a transaction that values Getchell at about $1.1 billion, or $34.45 a share. That's almost a 20-point premium for tiny Getchell, which mines in Nevada. Gold mining companies, as we pointed out a week ago, are ripe for more mergers. Executives at these companies have to see the glass as half-full, or they'd go insane. After all, gold is selling near a two-decade low, for less than $300. John Doody, the editor of the newsletter "Gold Stock Analyst," told us his merger favorites include mining companies whose proven reserves are just the right size to make them a glittering catch for larger companies. At the top of his "takeover" list is TVX Gold (TVX) on the New York Stock Exchange. At 1 3/4, TVX's stock market worth is tiny at $300 million. Doody says TVX produces 500,000 ounces a year at a cash cost of less than $200 an ounce. It has about 6 million ounces of proven reserves. Gold (GC=F9) is for true optimists, contrary to its reputation as a doom-and-gloom metal. That's because gold investors need to believe their favorite metal will shake almost a 20-year slumber and revive the stocks of hundreds of gold mining companies across the globe. The next time you're wondering, "Half-full or empty?" Think about those lonely gold investors, waiting for their day in the sun. TVX, which explores for the metal in sunny Greece, is bound to get its day in the sun, says Doody. It's just a matter of time.