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Gold/Mining/Energy : Precious and Base Metal Investing
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To: loantech who wrote (2639)3/21/2002 12:57:53 PM
From: Claude Cormier  Read Replies (1) of 39344
 
loantech,

First RIC can expand its current reserves.. possibly double them over the next 5 years expanding mine life to 10 years.

Second, they usually buy mature projects or deposits where the gold is alreasy proven or near proven. So they do not need 5 years. It took 12-24 months for their two recent projects in NFLD.

Of course, hard to say what will be next.

Anyway on the basis of coming future cash flows RIC is still not expensive.
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