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: onepath who wrote (63419)	2/12/2009 6:36:23 PM
From: tyc:>	Read Replies (1) of 78419

There seems to be quite a spate of equity financings of mining ventures recently. In today's NR announcing a $60Million equity financing Tony Makuch the LSG pres said, "With the Canadian dollar gold price hovering about $1,200 per oz and development and operating costs declining due to the weaker economy our goal is to advance our projects as rapidly as possible" It sure is interesting to hear that costs are declining. The profitability of ventures that have recent feasibility studies will be enhanced by the "lower development and operating costs". Such companies might be expected to raise limited equity financing.. (I wonder if that explains the recent market activity of "you know what").

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