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

To: loantech who wrote (15520)7/7/2006 10:54:42 AM
From: Claude Cormier  Read Replies (1) | Respond to of 78412
 
Tom,

Miners are always evaluated on two things:

1) mineral assets in the ground
2) future cash flows

Metates has a value right now... not a lot, but still something near $15-$20 millions. This value might grow with the price of gold and more work on the property. As such, it is a valuable asset. How high will it be worth depends on future gold prices relative to future operating and capital costs.

- Know one knows future gold prices

I disagree. We know that long term future gold prices can only move much higher because of the constant devaluation of the dollars. WHat we do not know exactly is the premium that gold will gain when everybody realizes what fiat currencies are.



To: loantech who wrote (15520)7/7/2006 11:16:04 AM
From: jpthoma1  Read Replies (1) | Respond to of 78412
 
Right now, most companies use a long term POG between US$400 to US$450 when planning future mining exploitation projects. Even when gold was over US$725, companies were working within the same range.

So, the spot POG will have to be well over US$1000 before companies use a long term POG of US$800 in their project analyses.

JP


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