Natural Resources >> Sector Roundtables >> December 20, 2004
VICTOR FLORES is a Senior Analyst with HSBC Securities (USA) Inc., focusing on
precious metals. Previously, he was associated with Marleau, Lemire Securities,
Inc., and U.S. Global Investors. He earned both his Bachelor's degree in
Geological Sciences and his MA in Energy and Mineral Resources Management from
the University of Texas at Austin. A Chartered Financial Analyst, Mr. Flores is
a member of the AIMR and the Society of Mining Engineers. Profile
MIKE CURRAN joined the Mining Equity Research Team with CIBC World
Markets as a Director in April 2003. He has worked in Equity Research
since mid-1994, working with CIBC World Markets, Merrill Lynch Canada,
and predecessor firm Midland Walwyn Capital. Mr. Curran's past
experience includes several years as an Exploration Geologist, exploring
primarily for precious metals (gold and PGMs) in Canada (primarily
Ontario and British Columbia) in the mid-1980s-early 1990s. His
educational background includes completion of the CFA program (AIMR), an
MBA (finance) from Queen's University (Kingston, Ontario), an MSc in
Mineral Exploration from the Royal School of Mines (UK), and a combined
Honors BSc in Geology and Chemistry from Carleton University (Ottawa,
Ontario). Profile
JOHN H. HILL has covered the mining and metals industry for Citigroup
Global Markets, Inc. since 1998. Previously, he worked for over 10 years
in the metals industry in operations and finance for Inco Ltd. and Echo
Bay, starting as a mine geologist. Mr. Hill has extensive international
experience, having worked on mining projects in over 15 countries. He
received an MSc degree in engineering economics from the Colorado School
of Mines and a BA degree in geology from Middlebury College. He holds
the CFA designation and has testified to the US Congress on mineral
policy issues. Profile
TWST: Mike, let's start with you. We've got gold at recent peak levelsof about $450. Is this a good time or a bad time to talk about gold?
Mr. Curran: I think it's a great time to talk about