Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: koan	2/16/2007 12:29:01 AM
	of 78411

Handicapping RNG. I sent a PM to a friend about RNG and then thought I would throw out this handicapping as there may be a few things in here that are new to some. People have really overlooked this one I think because it is new and they have all of their copper 14 million pounds a year hedged until 8/08 at $1.11. Who cares when they are also producing 14 million lbs of nickel at spot. 14 million times $20/$30? Hell, with nickel rising a dollar a day just one day makes up for the entire copper hedge-lol. And 100,000 oz of gold heap leaching operation going into production in a couple of months in Mauratainia. .035 grams gold open pit. That is as good as it gets. Most of us here could run that one-lol. Cheers,

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