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

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To: onepath who wrote (33219)2/20/2007 11:32:43 AM
From: aknahow  Read Replies (2) of 78416
 
Not CZZ. CZZ is quality company with quality management that is embarked on using the lowest possible base case prices for its' own reasons.
I have never proposed using unrealistic prices, and fully understand prices can drop and probably will.

Use of an unrealistically low base case will result in having to hedge a greater portion of production and other less favorable loan terms. In the meantime any financing done will be done at a share price that does not reflect full value.
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