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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Claude Cormier who wrote (66111)7/8/2009 10:43:17 AM
From: tyc:>  Read Replies (1) of 78409
 
In today's report from Terrane, they say;

"...reserves and mine design will be recalculated/revised using metal prices of $1.60 lb copper and $690 oz gold"(was $550 per oz gold).

Is it reasonable to assume that the higher gold price might imply an increase in reserves beyond the 4.6M oz of the old feasibility study, in that more of "resources" will be converted to reserves ?
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