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To: rohry
But, the total amount of gold sold foreward is 7 years of production.

This is why Barrick bought Homestake. They needed Homestake's production to get out from under the hedges. If I was a long-term Homestake holder, I'd want a piece of this litigation. Fortunately, I made a killing on my Homestake :-)

Gold production at most miners is declining due to the lack investment in new exploration. If I was Barrick's banker, I'd be seriously concerned as to whether they can meet these deliveries.

59 posted on 12/18/2002 6:02:55 PM PST by larrysav
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To: larrysav
"If I was Barrick's banker, I'd be seriously concerned as to whether they can meet these deliveries."

Everyone knows that they can't...
62 posted on 12/18/2002 6:06:58 PM PST by rohry
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To: larrysav
Fortunately, I made a killing on my Homestake :-)

Did they get a good bump when Tommy boy foisted their SD environmental liabilities on the other 49 states?

69 posted on 12/18/2002 6:26:14 PM PST by Axenolith
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