Celtic Resources - Mining The Mountain

Chevy,

With Russia being the premier global oil, gas, palladium, nickel producers, throwing in the ex Soviet Republics of Uzbekistan, Kazakhstan, Turkmenistan, Tajikstan etc I also see it being the largest gold producer, Mumuntau is already the largest single gold mine circa 1.7m toz pa.

If you add Sukhoi Log, Kubaka, Nezdaninskoye, Svetlinskoye you get some mighty big production potential from Russia alone.

If you consider global gold mine production is 2,600 Mt (2,600,000,000 g or 83.592m toz approx)I can see the FSU controlling up to 15% to 20% of global gold production if not more by 2010, possibly of all resource production.

Norilsk Nickel already contributes up to 20% of the world's nickel, up to 68% of the world's palladium, up to 20% of platinum.

Russia has IMHO got to be the resources investment opportunity of the decade 2000 to 2010, if not the whole century!

IMHO Russian mining, oil/gas,forestry plays are a must have in a sensible growth portfolio!

Happy New Year to all (it could be a very good year looking at RTS)
Cheers

Ashley

PS RTS INDEX (Moscow Stock Exchange) breaking new highs at 260 ish:-