InvestorsHub Logo
Followers 52
Posts 7849
Boards Moderated 2
Alias Born 07/15/2002

Re: Sir Realist post# 33933

Wednesday, 10/09/2002 9:38:55 PM

Wednesday, October 09, 2002 9:38:55 PM

Post# of 704019
To the price of gold, nothing. -- non-issue.

To the SA stocks involved it might be tough in the ST and it certainly adds value to our North American properties in a geo-political kinda way. But in the end companies like Harmony have proven reserves of over 30 million ounces of gold and another 100 million in the probable category-- they can afford to share a little with the natives.

-- also there's been some new legislation that's very similar to what we have here in North-America in regards to mining leases. The government has implemented a "use it or lose it clause" on the miners. Without ongoing exploration the big boys lose their leases, which is good for the small drilling outfits.

...another take on the same subject:
http://www.news24.com/News24/Finance/Economy/0,4186,2-8-25_1269587,00.html

Regards,
Michael



FP........................................................

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.