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Gold/Mining/Energy : Canadian Warrants Only

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To: onepath who wrote (6880)1/17/2009 1:05:52 PM
From: tyc:>  Read Replies (1) of 23102
 
>>Good day yesterday for gold.....

Even better when you consider the Canadian price enjoyed by Canadian miners. Currently @ C$1,050.

Incidentally at current Canadian dollar prices, my simple arithmetic suggests that base case total revenue of "our mine" would be C$461M compared to the feasibility study's C$467M. Copper may be historically low but gold and the lower C$ almost compensates. The lower C$ might also imply lower cash costs than contemplated. This augurs well for the feasibility study update, especially if the budget provides tax relief stimulation.

The coming budget just might make the warrants attractive right now...
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