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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: geo in vancouver who wrote (29702)	6/2/2005 8:35:54 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 313062

No. It is on the low side. I would be surprised if they want this and if they can find all financing. Maybe a combination of 75% equity and 25% bank financing. At $420, it is closer to 12-13%, still below the usual 20% threshold. Finding additional reserves and higher gold prices will make this project interesting. Only one thing is sure, this high cost project makes CLG extremely leveraged to higher gold prices. So CLG has its place in a PF if you are bullish on gold long term.