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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: d:oug who wrote (1598)7/14/2001 9:57:18 PM
From: russwinter  Respond to of 4051
 
<Precious Metal Companies, Ask Russ Winters>

Got news for ya, i'm not tHAT good. Nor am i tHAT generous. Nor do i think tHAT many people care or would be interested. For those that do, I'm right here. And it's Winter, not Winters, common mistake.

Geo, the problem is I can't seem to find the actual numbers some Aussies base their reserves on. It's not listed, or they use different prices for different mines.

My SWAG on KM 88 and LC:
I predict that the legal issues between those parties will be resolved, and as part of the resolution KRY will get a good settlement with a right to participate in the large economically viable project, but not some two bit one by themselves. I think something along the same lines will be offered to PDG?/Vanessa.

In effect Venz will tell ALL these parties: GLDR, the PDG surrogate, a major like FN/NDY, and KRY, the following:
"We are putting together a world class mine that will cost a billion bucks. We are 30% partners, here's our check (300 million), PDG we will give you a small stake (?) for your trouble, but if you want more, where's you check? GLDR, you have an important proved up reserve and resource, we credit you $50 million for it, and if you want more, write us a check. KRY, here's your $50 million credit for your disputed legal claim. Don't dare get in our way! If you want more, write your check. And finally to the major, $450 million is accounted for, you are majority and managing partner, where's your $550 million check.

The numbers are SWAG, but the concept is close.