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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: LoneClone who wrote (33069)2/16/2007 5:55:16 PM
From: koan  Read Replies (1) of 78412
 
LC, are you sure that makes sense-lol? You cannot just arbitrarily change my equation. I used simple division. I did not produce an appraisal based on innumerable variables-lol.

All I said was that FNX is 5 times as expensive than RNG and asked why?: divide $18 by $3.50 and you get 5.1. I.e. FNX is five times more expensive as FNX-lol.

I never said FNX was five times as expensive as RNG all things being equal.

And sure FNX has only 1/2 the shares of RNG and sure FNX can produce for less, but on the other hand FNX produces 1.2 million lbs a 1/4 less than RNG and what FNX can produce for becomes less important as prices rise. The amount of ore becomes quantitatively more important than grade as price rises. That is another equaiton-lol.

Also, RNG will soon be producing 100,000 oz of gold and I believe RNG ore gets better at depth.

All things being equal as they seldom are, if FNX is only two times more expensive than RNG then one would only own it for diversity and speculation-lol.
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