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Gold/Mining/Energy : Gold and Silver junrs- portfolio

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To: onepath who wrote (256)	5/10/2008 9:23:50 AM
From: tyc:>	Read Replies (1) of 328

Thanks onepath; It's interesting that Jay Taylor, on the strength of Mt Milligan alone, puts a fair value of TRX at 1.69 per share... and then there's Berg ! Interesting also that the first six years of production would see annual gold production of 260,000 oz. From memory, that is approximately the equal of both El Morro and Galore Creek. Only their copper production would be higher. The capital cost of El Morro is projected ar $2.5B and Galore Creek ~$5B. The capital cost estimate of Mt Milligan is less than $1B. The Mt Milligan feasibility uses base rates of $600 for gold and 2.75 for copper with FX rate of .86c. At these base rates the IRR is projected at 18%. Apparently Mt Milligan offers the opportunity to invest a billion to yield 18%, and Berg the opportunity to compound that growth. How "boring" can this stock get ?

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