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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: UPTICK who wrote (62795)1/10/2009 12:07:06 PM
From: E. Charters  Read Replies (1) of 78419
 
I don't know about the vfgviability of their au-ag deposit metallurgically. If it is to be full milling, because it is lead-zinc silver gold, then it is high cost capex wise and not great great great recovery in au-ag. Tonnage notwithstanding. It is really gold-silver, lead zinc, with about 19 dollars in base metals right now. Gold and silver is about 25 dollar gold. Admittedly fair widths.

What is more interesting a comment is why the market likes it. The chart is ascending, not descending.

I would rather have oxide gold. I can get 2.8 million ounces of that for costs of 280 an ounce for less money than it costs to buy a house in Toronto, and put it into production for less than a chain of donut shops in southern Ontario. The 'smart' money "appears" to balk at that. For balk read manoeuvers to divest.

It was all great in the bull market. Now you need outstanding quality, no question marks. Not much astute commentary as to the viability of resources out there, just vague talk about the once new and now fading rapidly higher cost regimes. That is because of course there are few metallurgical engineers commenting gold plays. They can be all wet too, but most people would not know a fair play that is cheap to get into production if it bit them on the heinie.
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