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: marcos who wrote (58038)	3/31/2008 6:58:43 PM
From: tyc:>	Read Replies (2) of 78408

Sure I remember Afton. It's amazing that Teck would leave so much on the table, isn't it ? As good as the new Afton mine may be, the prime asset of the new company will be the interest in El Morro, I believe. That, and the fact that Telfer and Pierre Lassonde are on the board, seems to indicate that the story is far from over. I haven't sold a share or a warrant and I don't intend to. I'm more interested to hear your comments on Terrane that to pump mine. However, with a total capital expense of over 900Million, the FS indicates an IRR of 18% at the base rate prices of $2.75 for copper and $600 for gold. (And then there's the Berg Cu/moly deposit for reinvestment of the free cash flow). Seems to me sooner or later it's a mine.

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