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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (2671)	12/16/1998 11:54:00 AM
From: Crimson Ghost	Respond to of 81108

Seale: Of course the miners are cutting costs. But the stocks still are not doing very well for the most part. The real payoff from this cost cutting will come when POG breaks above $300 again.

To: sea_urchin who wrote (2671)	12/16/1998 3:19:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 81108

Searle, as to the majors "lowering" production costs.... I keep reading that is accomplished by "high grading" the mines. i.e., closing low grade veins and working hard on the high grade viens with less workers= lower cost gold. Problem is that won't work over the long haul, it is just a temp fix for the next year or two. Actually, costs will rise considerably when the high grade veins are played out and they have to resort to mining the lower grades w/o any high grades to balance out the mix.