Tsafi

[popeyej]

I'm sorry about the late response. The storm coming off the Pacific knocked my power out for several hours.

Yamana is a good company but I disagree with the management on their derivative investments. The company is in good shape but the derivative losses are killing their bottom line. If I remember correctly the losses on derivatives were around 50 million for the last quarter. When the company gets out from under that burden the bottom line will be greatly enhanced and the share price will do much better.

My favorite mining company continues to be Goldcorp (GG) even though the stock price has nearly doubled in the past five months. The company has 100's of millions in the bank and very little debt. It is also the lowest cost price per ounce gold producer in the world.