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Gold/Mining/Energy : Minefinders, MFL
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To: I_C_Deadpeople who wrote (251)11/20/2000 11:41:38 AM
From: russwinter  Read Replies (1) of 578
 
An improvement in economics was not unexpected. This is better than I thought though, well below 150 cash cost. The production level at 243,000 oz is what really is impressive as well. That's great on a 77 million capex, as cash flows should quickly cover project debt.

The question is can they get 20/oz for this now? I think so, but 25 in this market? A production jv that paid for half the capex would only be worth 38 million. Going alone would be absurd. How does this get pulled together? I'm at a bit of a loss. Claude?
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