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Gold/Mining/Energy : 2007 Silicon Investor Stock Picking Contest - Metals -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (155)	1/7/2007 12:37:49 PM
From: loantech	Read Replies (2) \| Respond to of 678

Hard to say GGN goofed up so bad they removed most of the data from their website! <NG> But all the more reason it is an out of favor bet. Save all those bets on one post and send it to me or post public. One is CAU will outdo EPM in 2007. Another is we touch 800 on POG at least once and close there in 2007. (you gave me agift on that.) Geeze I am dumb what are the other 1 or 2? Are we on that GGN outgains TK by year end of 2007? EDIT: <The results of the base case model uses a gold price of $475 (U.S.) per ounce and a silver price of $7.92 (U.S.) per ounce (60:1), allows for all taxes and a 100-per-cent equity financing of the development budget. The base case details are: Nominal annual production of 58,000 ounces of gold and 546,000 ounces of silver (67,000 ounces/yr gold equivalent); Initial capital cost of $15.4-million (U.S.), of which $9.2-million (U.S.) is fixed assets and infrastructure, $4.2-million (U.S.) is bonding and $2-million (U.S.) working capital; Cash operating cost, net of silver credits, is $264 per ounce of gold; Initial mine life of six years; After-tax internal rate of return (IRR) of 31 per cent> This is being revised but their base case was with 475 POG. Of course they lost 10% of the gold and 50% of the AG by catching an error in the initial report. So these numbers are not reliable except that they have new ounces from Graben that are not included so maybe back to square 1.