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 : Aquiline Resources -- Ignore unavailable to you. Want to Upgrade?

To: 3bar who wrote (121)	7/2/2003 3:25:15 PM
From: Pete	Read Replies (1) \| Respond to of 276

You have to put operating costs in the picture- I thought they were mentioning $150.00 per ounce as a profit target earlier in the game, but would have to ask management about that-

To: 3bar who wrote (121)	7/3/2003 10:17:00 AM
From: Claude Cormier	Read Replies (3) \| Respond to of 276

<Is this totally out of wack ? > Yes. The value of a deposit is not simply the number of ounces times the price per ounces. There are other factors. A gold resource (not yet drill indicated) is usually worth between $2-$20 US per ounce. This goes up progressively with time as the deposit reaches different stages of development. At production time we are talking $100-$200 per ounces depnding on the specifics of the operation. I think that AQI will reach US$30/ounce once the deal with NEM is completed and the resource of 500,000 oz is confirmed as drill measured & indicated. $US 60/oz make sense once the feasibility is complete and positive. We are notr at $US 12 per ounce. Also keep in mind that AQI will need to do additional financing in order to reach the second stage. This will dilute the stock somewhat.