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To: TrueScouse who wrote (6435)12/28/2002 1:16:40 PM
From: TheBusDriver  Respond to of 39344
 
Acutally Howy, $15/oz in the ground sounds about right to me for $325 cutoff. Of-course as POG rises so will stocks like CBD, with leverage!

How about it CC or Russ. What do you guys think?

Wayne



To: TrueScouse who wrote (6435)12/30/2002 12:21:19 AM
From: Claude Cormier  Read Replies (3) | Respond to of 39344
 
I don't see 5M ounces at Meadowbank. But all together with Meliadine, CBD will have 5M ounces. The economic threshold for CBD is more $350+ than $325 due to high Capex. AT $450 gold, CBD will sell for at leat $100 per oz if not $150. Assuming Meliadine come back to life with a more dynamic miner than WMC, that will mean $15-$20 on the stock.


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