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

To: loantech who wrote (2639)3/21/2002 12:17:03 PM
From: tyc:>  Read Replies (2) | Respond to of 39344
 
I think that was a very interesting observation , loantech, but it doesn't just apply to RIC. "5years to do a feasibility study, get financing and to build a mine" and then probably another 5 years just to recover the money that they put into it .... only then do they really see "benefits". As I see it, that applies to ALL mining. That's why I believe in buying producers with adequate reserves.



To: loantech who wrote (2639)3/21/2002 12:45:48 PM
From: GeoDude  Respond to of 39344
 
LT,

production-wise, you are correct but they probably will stretch production a bit and add a year or two. There is always something at the bottom of the barrel ...

Your timing estimate is spot on. They better have something in the oven today. And the price (to acquire) is going up with every new takeover/merger.

LIA



To: loantech who wrote (2639)3/21/2002 12:57:53 PM
From: Claude Cormier  Read Replies (1) | Respond to of 39344
 
loantech,

First RIC can expand its current reserves.. possibly double them over the next 5 years expanding mine life to 10 years.

Second, they usually buy mature projects or deposits where the gold is alreasy proven or near proven. So they do not need 5 years. It took 12-24 months for their two recent projects in NFLD.

Of course, hard to say what will be next.

Anyway on the basis of coming future cash flows RIC is still not expensive.


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