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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: tyc:> who wrote (62685)1/5/2009 4:31:09 PM
From: Claude Cormier  Read Replies (3) of 78425
 
I looked again at the pre-tax price matrix of TRX. It doesn't look to me that TRX can have a positive "go" with current copper price trends. The IRR appears to come down near 10% with current copper price which is usually below the 15% threshold. Unless of course Goldcorp decide to get ready for the next cycle. Eventually it will, but since this global collapse could last 10 years, I doubt they will take the bet this year.

Of course, costs have come down dramatically since last year, so the matrix is probably no longer good.
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