SI
SI
discoversearch

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.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chispas who wrote (36769)9/8/2005 10:07:15 PM
From: mishedlo   of 116555
 
Heinz on Gold in YEN and CDE
Date: Thu Sep 08 2005 21:16
trotsky (mini-miner) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
will it benefit the company? definitely, if the silver price stays reasonably firm. the bulk of CDE's current production is provided by the very high cost Rochester mine, and they have to move away from that to lower cost mines, so this is a step in the right direction.
of course if i were them, i'd have bought gold production instead...

Date: Thu Sep 08 2005 21:06
trotsky (frustrated@Yen PoG) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
i find the chart of gold in yen very bullish....it actually looks like it has just entered into an acceleration phase ( reminds me of how the Dow looked just before it took off in '95 ) .

Date: Thu Sep 08 2005 20:47
trotsky (MiniMiner@CDE) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
"so, $36 million for 15 million ounces reserves plus mining costs of $2.75 per ounce comes to roughly $4.75 per ounce inclusive."

only if you believe that the 'proven and probable' is all that is to be found there. note that the transaction caps total production on behalf of CDE at 24 million ounces.
you're making a common mistake - resource extractors basically never test for the entire available provable reserve. it would not be economic to do so, so instead reserves are only proved for a pre-defined time horizon of expected production.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News