Wall street anal-ists do not nor have they ever understood the gold mining business; so don't take mr carrasco too seriously. In April 2001 while at Morgan Staney I got a call from Ron Shore our resident gold analyist, an exception to my theory. He was quiting because he decided to move to Qubec and MS told him they really didn't need a gold analyst any more because they had just closed their gold fund. (perfect timing) It was at that point that I really got aggressive with my gold investing. I have only been intersted and have only invested in natural resource companies since that time and probably for the next ten years or so. Ron is now president of a gold company in Quebec. MAO is the symbol. I don't own any of it any more.

WT