Firstly, an update of today's closing:
IPM closed at $2.71 on 138,500 shares. 120 blocks bid @ $2.71 and 211 blocks asking $2.74. The high today was $2.74.
At time of writing Au = $356.30/oz USD
CAT (TSE) - closed at $2.00 (unchanged) on virtually no volume.
CYX (TSE) - closed up at $7.90 on 44,500 shares.
I noticed new confidence in most of the gold plays I reviewed today; both in price and in volume. Are there any opinions or thoughts with regards to the strength of Au today? Personally, with all the negative press of late, I think it a little premature to start celebrating gold's imminent comeback. Maybe it is just Monday.
Bobby, I am not sure that you have access to it, but there was an interesting article in The Toronto Globe and Mail, Report on Business with regards to Gold Mines, Exploration and the slumping price of gold on page 6. Again, I do not think there are any revelations in the article, but it does share some interesting opinions and points of view. If you are interested, you can e-mail me and I will fax it to you. I remain confident in our choices.
Roman, I was wondering if you have come across projected production costs ($ per oz./Au) on Mount Polley? It seems to me that I had the info at one time and it was quite favourable. Very Best Regards,
Mike Monaghan |
