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Murray Pollitt: Lessons from the 1970s for mining company investors

Section: Daily Dispatches

9:40p ET Sunday, October 31, 2010

Dear Friend of GATA and Gold:

In his latest market letter, Murray Pollitt of investment house Pollitt & Co. in Toronto offers some perspective for and guidance to mining company investors. Pollitt's commentary is titled "Lessons from the 1970s" and you can find it at GATA's Internet site here:

http://www.gata.org/files/PollittMarketLetter-10-27-2010.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Prophecy to Become Coal Producer This Year
with 1.5 Billion Tonnes of Resource

Prophecy Resource Corp. (TSX.V: PCY) announced on May 11 that it has entered into a mine services agreement with Leighton Asia Ltd. to begin coal production this year. Production will begin with a 250,000-tonne starter pit as planned in August, with production advancing to 2 million tonnes per year in 2011. Prophecy is fully funded to production and its management team includes John Morganti, Arnold Armstrong, and Rob McEwen.

For Prophecy's complete press release about its production plans, please visit:

http://www.prophecyresource.com/news_2010_may11.php




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