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Strategies & Market Trends : Ride the Tiger with CD
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To: Claude Cormier who wrote (210237)1/31/2012 2:59:01 PM
From: ayeyou  Read Replies (1) of 313071
 
No Not at all but lets be realistic. That deposit will never be mined or developed by XRC. My point was that looking at the close proximity to Barricks Cerro Casale deposit { 6 miles } I see this as becoming a Barrick supermine with the capital cost spread between the two deposits.With a little more exploration that 6 mile gap between the two deposits will probably become a lot less.Aquiring the Caspiche deposit from XRC will give Barrick a 50 million ounce resource that would totally justify the large capital expenditure it takes to open a new mine these days. The high cap cost and low IRR are exactly the reason that Barrick will give Caspiche a long hard look.

Exeter’s 100% owned Caspiche Project in Chile (with a 3% Net Smelter Royalty to Anglo American Chile Limitada) is a gold-copper porphyry system, a type of deposit common to many of the world's largest open pit gold-copper mines. It is located in the prolific Maricunga mineral belt which is currently undergoing massive expansion and investment in mineral projects from some of the worlds largest gold miners. The project is located 15 kilometres (8 miles) south of Kinross Gold's operating Refugio mine (+9 million ounce gold reserve), and 10 kilometres (6 miles) north of the very large Cerro Casale gold-copper deposit (26 million ounce gold reserve), owned by Kinross Gold (25%)and Barrick Gold (75%).
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