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To: Joe Hartenbower who wrote (3874)5/27/1999 1:47:00 PM
From: Claude Cormier  Respond to of 5143
 
<<Because of the already lower and the on going decreasing prices of gold, copper, etc., it strikes me that many of the traditional mining companies should be experiencing a reclassification of proven ore reserves to crap, worthless dirt, worthless rock, etc. >>

You are right!

<<This should happen whenever the miner does not turn a profit. However, I never seem to read about that???? >>

You don't read enough, mon ami... it happened for most companies I have on my watchlist....and even if they turn out a profit.