SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: marcos who wrote (67093)9/11/2009 7:56:34 AM
From: tyc:>  Read Replies (1) of 78421
 
>>".. it's still BC, gears of the bureaucracy grind exceeding fine and slow, ..".. (so don't hold your breath while waiting, you imply)

I think the BC government is getting a raw deal by such thinking. Mount Milligan is proceeding according to schedule. Any delay was caused by the financial freeze, rather than by bureaucracy. And look what happened to Red Chris when the Feds tried to short-cut delay by rubber stamping provincial approvals..... they were sued by an NGO to force them to duplicate.

My own view is that there can be little doubt that Goldcorp will exercise its option for a participating interest. The old feasibility study indicates that at present metal prices the project offers an IRR of ~26% and a 5% NPV of C$1.7 billion . Moreover, copper production reduces the cash cost per oz of gold production (LOM 217,000 oz per annum) to ZERO with a copper price of approx C$2.65 per lb (i think).... it is presently over C$3 per lb. Subsequent developments suggest that the new feasibility study might show the project to be be even more profitable.

The option anticipates G owning 60% of the project, while retaining ~32% interest is TRX's then common shares... at no cost to G other than the relinquishing of 220 million preferred shares. (And people get excited about G's minor interest in OSK). In any case we shall know within 3 months, when the term of the guaranteed loan and the option expires. Why the complaint about having to wait so long ? Decisions are imminent in comparison to any other mining project I know.

And then there's BERG !
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News