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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: roymario who wrote (43190)6/25/2007 4:59:45 PM
From: AuBug  Read Replies (2) of 78419
 
Looking at slide 25 of the GORO talk they have a table of mkt cap per oz of production of gold (MC/AOP) where they say the average of 34 producing companies is $2,818/oz. They list 4 low-cost producers with an average of $6,901/oz for Agnico Eagle, GoldCorp, Meridian & Northern Orion. I believe Romarco (R.v) expects to be producing 70,000 oz-Au from their Haile Mine and have 99 million shares FD. Assuming a conservative $2,000/oz that yields a share price of $1.41 or 4.2x higher than todays close of c$0.335.

Romarco also gave a talk at this meeting as did another of my favorites Excellon (EXN.v): visualwebcaster.com
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