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

To: jrhana who wrote (15226)7/31/2003 3:29:30 PM
From: The Vet  Read Replies (2) | Respond to of 39344
 
ABER - Incredible deposits (pipes)

And last night's PR moved the A-154 North (number 7 in the world) up several notches as well. It was previously valued at $33 a carat now it has been increased to $82 a carat.

The big thing about A-154 N is that it is within the same dyke and mining area as the presently mined A-154 S, so it can be mined with a minimum of additional infrastructure costs. It's just a straight bonus added to an already highly profitable mine. In fact it is probably worth even more as they only sampled the low grade top section. Obviously they can just keep going deeper as they need too but right now that have enough high grade ore for many years already defined.

aber.ca

aber.ca



To: jrhana who wrote (15226)7/31/2003 11:59:56 PM
From: Claude Cormier  Read Replies (2) | Respond to of 39344
 
<I read somewhere that they plan to use the cash flow first to pay down debt. Next in priority will be to pay a dividend so this could even be worth some future income. >

I think another of their plan is vertical integration. They have on their mind to buy a retailer and profit all the way to the end customer.


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