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

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

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To: loantech who wrote (54667)	12/28/2007 9:33:28 PM
From: Claude Cormier	Read Replies (2) of 78419

I think the NAV should be discounted to 5%. That is the norm. Nevertheless, I have a $7 target for WGI. MFL is unhedeged will be selling 120,000 oz gold and 4M ounces silver. Reserves are in probably in the 3.5-4.5 M ounces of gold eq. Plus they will study to go underground with the rest of the indicated resource. I have a target of $25 at current metal prices. Much higher has gold goes higher because MFL is not hedged.

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