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 (2515)	3/18/2002 4:00:28 PM
From: rockerbanger	Read Replies (1) \| Respond to of 39344

did you analyize gng for loantech yet?

To: Elizabeth Andrews who wrote (2515)	3/18/2002 4:11:15 PM
From: tyc:>	Respond to of 39344

Sure ! If you can bear with my stubbornness; hell, I'm enjoying it ! I will even study that confounded financial statement.... not expecting to be able to understand where the money went, but just as a concession to you ! And it will help me understand your further explanation. Give me a little time.

To: Elizabeth Andrews who wrote (2515)	3/18/2002 7:07:32 PM
From: tyc:>	Read Replies (1) \| Respond to of 39344

Elizabeth, I have reviewed the PM you sent me and I wonder what we are arguing about ? The quotes below are from your PM. What happened to the$24 M ? You said; "The 24.2 million is the smelter and related costs ....... You have to add that to the cost per ounce OR subtract it from the amount sold per ounce.." (eoq) Me.. I agree, such charges appear to be added to costs i.e included in cash costs. I believe they said that cash cost was $205 per ounce last year. You said, "If you want to argue they got $271 per ounce you have to say it cost them $210 to produce it ". Me.. I agree as per comment in last paragraph. If you say that costs were $210 rather than the $205 they quoted, I wouldn't argue the point. You said :"The spread is about $60 per ounce when gold is $271 no matter how you calculate it " Me.. I agree with that too, of course. So what are we arguing about ? But what does the spread become when, as expected this year, cash costs are reduced to $176 per ounce from last year's $205/210, even if gold revenue remains $271 ? And what does the spread become when gold is not $271 but over $300 ? And what does total markup become when production increase from LY's 277,000 oz (as you quoted) to 295,000 ounces as they expect it to be this year? In view of the comment in posting #2521, I really must make this my last posting. The steelhead are in the streams ! Be sure I will continue to lurk, and I will read any reply with interest.