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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (6609)	2/15/2006 2:54:48 PM
From: jpthoma1	Respond to of 78416

Agree too! ;o) What I wanted to express is that the best way to play the Island Gold mine start up was to buy PAT instead of RIC. But RIC is definitively a better long term play. JP

To: Claude Cormier who wrote (6609)	2/15/2006 3:04:49 PM
From: jpthoma1	Read Replies (1) \| Respond to of 78416

Let's say it another way. If new results at Island Pond increase the NPV of the future production by $10 millions, theorically PAT market cap will increase by $4,5 million (16%) and RIC by $5,5 millions (6%). So the short term return will be better on PAT shares. JP