NORTHGATE EXPL (NGX.TO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : NORTHGATE EXPL (NGX.TO)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elizabeth Andrews who wrote (113)	1/24/2003 11:17:14 AM
From: tyc:>	Read Replies (2) of 158

I was recently speculating on the outcome of the Sustut feasibility study and its significance to NGX. I wonder if you have any feeling on the significance of the following quote from a recent Noranda news report concerning the Horne smelter. "Of particular concern to Noranda is the weak copper market and low treatment charges, which have slashed revenue at Horne by about 13 percent since last year and 45 percent over the last four years." "In the next three years, sources of concentrate from mines around Horne are expected to fall as mines become depleted and close." Do you think that the fall in availability of smelter feed and the resulting "low treatment charges" could be a factor in the feasibility study ? We know that Sustut ore will increase the grade of the concentrate.... and increase Kemess copper production by about 40-50%.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next