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Frank Pembleton

11/27/02 8:10 AM

#615 RE: Frank Pembleton #614

Indian gold demand to continue its decline
http://www.mips1.net/mge.nsf/UNID/LCLY-5GAAV2?OpenDocument

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kcjones

11/27/02 10:09 AM

#616 RE: Frank Pembleton #614

Cheap to get into right now. EET/MOA have about a billion tons of reserve showing 1.6 carots/ton selling at $400-$500/carot. They just started up production and we are awaiting the results of the first 100 tons to get accurate results.

KC