Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LoneClone who wrote (33119)	2/17/2007 11:59:20 AM
From: tyc:>	Read Replies (1) of 78411

Nevertheless, it would be interesting to hear your reply to the substance of Koan's question. What justification is there for FNX to have a market cap 3x as large as RNG's market cap. I believe both enjoy similar sales revenue, and both have by-product sales to reduce their costs... (and RNG copper hedges will not last for ever). Another question worth asking is, couldn't RNG actually enhance profits by buying back their copper hedges ? The negative value of the hedges on their books is based on the copper price that existed at the end of the third quarter. It is less now. However, apparently RNG prefers to spend its cash on a copper mining prospect i.e CHD ! Good for them !

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next