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Strategies & Market Trends : Ride the Tiger with CD

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To: Golden.Kiwi who wrote (24946)1/19/2005 11:30:58 PM
From: Claude Cormier  Read Replies (1) of 313404
 
It always depends on how economic are the ounces, capex and operating costs combined.

But at $450-$500 gold, a proven and recovered ounces could get US$100+ on a takeover, possibly more if the total cost is below $200.

On that basis, you can make the calculation. The deposit would be worth US$500M-US$1B depending on number of ounces. So CKG could go as high as US$50.

Understand, this is pure speculation for now.
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