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 : Royal Oak-RYO
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael Bidder who wrote (596)12/18/1997 8:58:00 PM
From: Thomas P. Talbot  Read Replies (2) of 1706
 
If there were some negative information you Mr. Bidder know but, those lending 45 million dont, please let everyone know. Fact- without copper Kemess is a higher cost producer in the 300 to 320 range as Bidder referred to earlier.So in a sense he was correct that the gold production cost would be higher but by his analysis clearly demonstrates that he does not have an understanding of the industry. IT IS the by product credit (there is even a little silver) which brings the cost down as is typical in the industry. At current gold and copper prices this brings Kemess to about 133 per oz of gold. This is how ABX began. BTW if gold is in the mid Three hundreds next year then M. Bidders discussion will be even more moot anyway. BTW Bulk samples which have gone to Japan have apparently provided reason for even more encouragement. Maybe why they got the 45 mill so easily. Just a thought. I know Mike these "PRIVATE" Banks are lending the money because they are unknowledgeable and like to lose. Hey what is 45 million in the scheme of things.

BY THE WAY did you notice the new loan is UNSECURED. That means they are lending 45 million and if Kemess goes they are out of luck? This shows the company has tremendous residual value or why would the loan be on an UNSECURED basis when the company's viability is to theoretically be determined on such a short term basis?
Thoughts?
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