AURIZON MINES LTD ARZ.t Message Board

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Gold/Mining/Energy : AURIZON MINES LTD ARZ.t

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To: robin hood who wrote (185)	5/12/1999 8:59:00 PM
From: MICHEL GUIBERT	Read Replies (2) of 227

Robin Oh yes I believe in my calculation except now my numbers are higher 1.50-2.00... Read between the lines ARZ will start Casa Berardi, reservs are 1000 k oz, normally this kind of announcement (opening of the mine) is during the autumn. So it's time to accumulate more. I hope POG will help, ARZ hedged at 300, but for actual (1999) production, when they start CB, they will produce 150K oz just with CB a year, I don't think it's all hedged !!! But what is interesting They make money They have money for the CB project and if they don't have enough, they can easily find the money they need I think at 280 they will start the project. At 60 cts or 74 cts, the risk to go down is very limited, and possibility to multiply by 2 or 3 is excellent, so where is the problem !!! Good luck MG

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