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 : A "A" list of JR gold mining companies
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rainman who wrote ()10/10/1998 5:15:00 PM
From: wayne   of 169
 
First Dynasty Mines is a Robert Friedland ( Voisy's Bay )controled
company.They have a gold project in Armenia where they are now producing 25000/oz/year at $220/oz.They hope to step this up next
year to 161000 oz at $172/oz.They have sold their oil business as of
Oct.1/98 and have little near term debt.They also have tax concessions
from the Armenian government as well as principal use of a railroad
to haul ore from other mine sites to a common plant at Ararat.
This is only my opinion , but I believe they have better numbers than
Goldcorp for example ,which has a heavy debt load no production because its been strike bound for two years,and needs big money to develope and process its new reserves. It trades at about $8 while FDM
has been averaging 25 cents..??
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