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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Claude Cormier who wrote (65934)6/26/2009 10:28:32 AM
From: tyc:>  Read Replies (2) of 78409
 
I wonder if this is of interest:

Today's Canadian price of copper is C$2.65 per lb. According to my reading of slide 14 of TRX's most recent presentation, at this Canadian price copper revenue might cover production costs of the Mt. Milligan mine. Moreover, copper would contribute 49% of the revenue and gold 51%. So at today's prices, the gold revenue would more than cover costs of production. Whether one considers it a gold mine or a copper mine, the primary metal might be produced at no cost net of by-product revenue.

And a buck is a buck. (and .30c is only .30c)

Message 25711386

And one must remember that perhaps Berg is the equal of Mt Milligan (if a dollar from Cu/Mo equals a dollar from Au)
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