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: E. Charters who wrote (59674)	5/25/2008 10:12:27 PM
From: TheSlowLane	Read Replies (1) of 78424

Eric - I am not a big fan of back-in's either, but I imagine that the properties are offered with those strings firmly attached and it's take it or leave it. In AGC's case, it's only a 'problem' if they prove up over 7.5MM ounces, I believe. Then they get 3X whatever they spent on development and 30% of the property. Not nearly as good as having 100%, but I would submit that the stock will respond if it looks like they have a multi-million ounce project there, regardless of the back-in situation. It's already generated a good return for anyone that bought it two weeks ago. I've owned it slightly longer than that.

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