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Gold/Mining/Energy : ARU.V Aurelian Resources Inc
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To: safeharbour who wrote (154)2/21/2007 11:01:23 AM
From: I_C_Deadpeople  Read Replies (1) of 516
 
Re: Cumberland

Agnico paid $244 CDN for the 2.9M oz of reserves, but the Meadowbank project has another 1.1M oz or so of inferred.

So one could argue they paid $710M Cdn for 4M ozs, so that would be $177 CDN per oz.

Keep in mind that that project is one of the higher cost ones around due to location. Which is why I believe we will see FDN go for (using averages) $175 CDN ($150US) and assumming 15M ozs, that is $75/share. That is probably a top number in my mind. Of course if they could prove up more ozs all the better.
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