Metallica (MR T) Message Board

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Gold/Mining/Energy : Metallica (MR T)

MR 5.360

-80.8%

Nov 13 4:00 PM EST

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To: baystock who wrote (104)	1/21/1999 10:46:00 AM
From: Claude Cormier	Read Replies (1) of 263

<< Is there much of a risk that they won't get permitting approved ? >> Well we never know. But I hear some favorable rumors. I intend to increase my position as soon as these permits are granted. The next big issues will have to do with the new reserves calculation, the new CAPEX and feasibility. Will Cerro San Pedro be profitable at $300 or will it need $325 or more to provide a minimum 15% IRR ? At least, if the permits are granted, we will know that it will eventually become a mine when the POG and IRR are OK. So the stock should react positively. CC P.S. If you want to read more on MR, i have a recent issue available for free at cam.org

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