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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: onepath who wrote (65615)	6/6/2009 11:01:43 AM
From: tyc:>	Read Replies (2) of 78410

Sharing due-diligence. Note that while Mt Milligan has already been subjected to a feasibility study, Berg has not; it has simply declared the extent of its resource. "Contained Metals 3.3 Billion lbs Copper, 412 Million lbs Molybdenum, 61 Million ozs Silver" How does Berg compare with Mt Milligan ? Mt Millgan will produce 1.6 billion lbs of copper from the outlined pit. Berg boasts a total resource of 3.3 billion lbs of copper. How would Berg's Moly and Silver compare with MtM's gold ? Assume a "normal" gold price is $950 per oz and "normal" moly price is $10 per lb, then 95lbs of moly equals 1 oz of gold. Berg has 412 million lbs of Mo, thus the equivalent of 4.33 million oz of gold. But Berg has also 61 million oz of silver. Assume a price ratio of 60:1, and that silver is the equal of another million oz of gold. So Berg's MO and silver might be equivalent to 5.33 M oz of gold. Mt Milligan boasts of more than 6 million oz of gold although only 4.6 M oz is recoverable within the proposed pit outline. If we reduce Berg's 5.33 M oz gold equivalent by the same ratio, recoverable by product metals might have a gold equivalence of (4.6/6*5.33=) 4.1 million oz.

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