Canadian Diamond Play Cafi Message Board

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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: WillP who wrote (4780)	11/22/2006 4:39:09 PM
From: james flannigan	Read Replies (1) of 16205

WillP in my view Dr.Goldie is not that far off on his projection's.Its you that have a closed mind and can not see the future and will only look at things using static figures.Why do I say this?Well first off you strike me as a reasonable man.A reasonable man knows that at a 7% compounded RR money doubles every 10 yrs.Second we know the mine life of GK to be 20 yrs from construction to close.So lets say that the present value of GK for arguments sake is about C$5 billion. 4 to 5 more years permitting and construction =$7.5 billion First 5+5 yrs of production = $10 billion.Allowing for ten more yrs of mine life and depletion even though 7% increases during the next 10 yrs = $5 billion. $15 billion mined out of GK over 20 yrs sounds unreasonable?.Not to a reasonable man like Mr. Goldie. James

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