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News sounds good! Kitco news has link to

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Caradoc Member Level  Tuesday, 01/23/07 02:13:17 PM
Re: sumisu post# 94
Post # of 2820 
News sounds good! Kitco news has link to Mineweb commenting on the implications. I particularly like this snip of Mineweb quoting Merrill Lynch:
***snip follows***
In an update published Monday, Merrill Lynch Research Analyst Michael Jalonen wrote, “Thanks to a slew of development projects, we see Goldcorp’s gold output rising to 3.5 million ounces by 2010 (Penasquito is forecast to contribute 400,000 ounces of gold). This represents an above-average production growth rate amongst the global cold producers and above the average growth rate for the North American senior gold producers. Cash costs are forecast to remain below $200/oz over the next several years.”

ML has previously given Goldcorp a “BUY” rating with a price objective of $38 a share, based on the company trading at three times estimated NAV of $12.60/sh.
***end of snip***

So far, Jim Sinclair has been right about gold beginning its next move between 15 and 18 Jan. If he's right about how much movement in POG during March, GG should do even better than Merrill Lynch suspects.

Caradoc



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