Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: marcos who wrote (7632)	4/13/2010 9:28:05 AM
From: teevee	of 8273

arn.v-yes, I think I mentioned it on Big Dog's boom boom room. Have a look at this: pengrowth.com With successful horizontals well south of Arcan, and adjoining to the north and west at Deer Mtn., I believe it is only a matter of time before Pengrowth takes Arcan out. III.to-with the infill hole proving the main and east deposits are continuous at depth, and factoring in the new holes, on the back of an envelope, I estimate there is well over 10 billion pounds of copper equivalent at Red Chris. Discounted to 10 cents on the dollar, and then cut in half for financing, dilution or however mine development is financed, a $50 stock price is very conservative. Might have to wait for it though.

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