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Strategies & Market Trends : the times they are a-changin' -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (64)	2/16/2002 3:55:01 PM
From: tyc:>	Read Replies (1) \| Respond to of 145

I dunno Teevee ! When, at today's metal prices, I see overall values amounting to ~C$13 per tonne, I see possibilities for the future, however distant. I don't think any mining company would discard it, that's for sure. Anyway my main focus here was on the Gibraltar mine. Did you agree on the possibilities in view of the cost reduction promised by the proposed refining process ? The feasibility study has not even been completed yet. Nevertheless it seems to me a worthwhile speculation for someone bullish on the future of copper prices. But you hit my sweet spot when you mention the Kemess mine... without doubt my favourite in B.C.. 275,000 ounces of gold at a cash cost of $200 last year, but cash costs would fall to $150 with by-product copper @ $.85c - $.90c. Moreover, this proposed "quarrying" of high grade copper at nearby Sustut of Doublestar Resources seems to assure future achievement of that $150 cash cost. So it's levered to both the price of gold AND the price of copper! Even the Kemess North deposit has a 176 M tonne ("sweet spot") core that is of higher grade than Prosperity. Please do let me know if you see negatives that have eluded me ! (Other than Brascan-Trilon have skimmed the cream with convertible preferred's !!)