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

To: I_C_Deadpeople who wrote (8109)	2/26/2003 9:16:42 AM
From: russwinter	Read Replies (2) \| Respond to of 39344

Looks to me like they're going with the larger project now (higher capex), and speeding up the relocation. That's not too much of a surprise with POG now at 350. Is that how you read it? I wonder how they structure the development of this mine. The timing of that would seem near. Maybe a 50% split with someone like Goldfields or AU to get carried into production, and then keep the other targets like Rosia Poieni, Frasin, Tarnita (the Imagold model)? Or would they try to explore those actively in this season, add value and sell the whole thing? We should be getting some results on Frasin anytime. To me GBU really seems to be in the drivers seat, although developing a $half billion mine alone doesn't seem like a good option.