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: MICHEL GUIBERT who wrote (63243)	4/25/2009 3:07:36 PM
From: loantech	Read Replies (1) of 78419

As per your note from a later post: <Personnaly and it's purely speculative 10-12 cents, that means 40-50 cts for the year, just put the p/e you want.> Well let's go for 50 cents. I see in the table RIC could earn closer to 68 cents at 900 POG which is closer to the last 3 month average: quotes.ino.com However costs for the last quarter of 2008 were higher than the 500 in the table: Operating costs, including royalties, for the fourth quarter of 2008 were $13.0 million compared with $6.5 million in the same period the prior year. However, the average cash cost of production was lower at US$550 (CAN$586) per ounce of gold sold in the fourth quarter of 2008 compared with US$556 (CAN$598) in last year's fourth quarter. We need more reserves and a solid gold rally so mining companies begin to reflect a higher PE. What is the current PE ratio for RIC based on last quarter? Thanks, Tom

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