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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Elizabeth Andrews who wrote (2935)4/10/2002 12:04:26 PM
From: tyc:>  Read Replies (2) of 39344
 
Re NGX

In posting #2935 you raised the idea of "gold equivalence".

For the moment, please assume that I am correct when I say that this year they expect to produce 295,000 ounces of gold AND 84 million lbs of copper. That's 285 lbs of copper for every ounce of gold.

Does that mean that a one cent change in the price of copper is equivalent to a $2.85 change in the price of gold ? (i.e. if we consider only their gold as "production")
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