Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (2133)	3/4/2002 12:47:25 PM
From: tyc:>	Read Replies (1) \| Respond to of 39344

Are you people overlooking the Kemess Mine of NGX.t in the same area of BC? They expect to produce 295,000 ounces this year. With by-product copper at .70c, they expect cash costs to be $176 per ounce. They expect to produce 285 lbs of copper for every ounce of gold. Cash costs might therefore fall by $2.85 for every penny increase in the copper price above .70. At today's price of .74 cents, cash cost might currently be as low as $165 per ounce. (Fully diluted, there will be ~129,000,000 shares including the convertible prefereds. For even better leverage, take a look at the current rights offering. I think the current stock price has been depressed by arbitrage here.)