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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (8110)	2/26/2003 9:23:24 AM
From: I_C_Deadpeople	Read Replies (1) of 39344

I wondered about the financing issue as well. $450M is no small chunk of change for any company let alone a junior. This looked to me like a set-up for a JV (or buyout I guess) - lay your cards out, show the lower costs in the first few years for the quick payback, etc. This also clearly shows why projects of this magnitude take so long to get off the ground. Not just the relocation but there was over $100M in tailings/environmental type costs included in the $450M tag. Still cheap at $4 in my mind that is for sure.

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