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: Claude Cormier who wrote (55536)	1/22/2008 6:05:37 PM
From: tyc:>	Read Replies (1) of 78418

It was Bill James, (see Canadian Mining Hall of Fame) who first used the phrase "company maker" to describe a major ore-body (Antamina) . My enthusiasm says that El Morro could prove to be a similar "company maker" for Metallica as Antamina might have proven to be for Inmet IF Inmet could have provided its share of capital cost. The capital cost of Antamina (~2.5 billion) is comparable to that quoted for El Morro. However, Xstrata is committed to provide most of Metallica's share of the capital cost, leaving Metallica to provide only 9% of the total, a mere $200,000,000.! I wonder if you would express an opinion as to whether Metallica might be able to provide that financing, or whether, like Inmet it will probably be obliged to dispose of its equity (30%).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next