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Gold/Mining/Energy : Gold Price Monitor
GDXJ 89.99+2.8%4:00 PM EST

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To: russwinter who wrote (65108)3/8/2001 2:20:36 PM
From: goldsheet  Read Replies (2) of 116752
 
> I guess it is my private little secret, but let's look at the case of Metallica (MR)

Some of us know and follow Metallica and like their Cerro San Pedro gold-silver deposit (JV with Glamis, which we both like)

> If you have even elementary knowledge about deposits, what's so tough about analyzing this one?

I saw .72% CU and .54GPT AU and .61% CU and .58GPT AU, both over long intercepts (very nice for a porphyry copper deposit) My elementary knowledge of math tells me that is about $120 of CU and $5 of AU per ton (aka a COPPER MINE) with a tiny amount of gold byproduct. It seems reasonable to me that gold investors would miss the importance of the results. Obviously Noranda did not miss it and has an option for 70%. Again, gold investors probably do not follow Noranda (I do)

REF: metal-res.com
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