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

To: koan who wrote (33059)	2/16/2007 2:18:51 PM
From: hank2010	Read Replies (2) \| Respond to of 78412

Are you trying to make me work, buddy? I like and hold RNG.wt also. FNX nickel cash cost from McCreedy west mine is -.07 and RNG is $4.84 per pound. What is significant is that in mid. Dec/06 FNX put their second mine into production Levack is presently about 1000 TPD and will rise to 1500 by mid-year. Expect 275,000 tons produced in 2007 from Levack at 2% nickel 1% copper and pgms (4g/t?). that will be an extra 1.1 million pounds of nickel in 2007 and probably double that in 2008. They are not saying yet, but I expect the Levack footwall deposit (recently discovered, many drill intercepts of +10% copper, a few of +10% nickel and some + 1 oz/ton of pgms) will also be part of the 2007 production. The 3rd mine, Podolsky - 17 foot diam. shaft is completed to 2660 foot depth to access the "2000" orebody. It is a higher grade (3%?) plus good pgms. They will take a bulk sample and expect a positive feasibility study in early 2007. They have several active exploration properties in the basin. The reason I bot? in the Sudbury basin, Inco got taken over by CRVD, Falconbridge got taken over by Xstrata. FNX is next! then maybe even FNI.

To: koan who wrote (33059)	2/16/2007 3:23:22 PM
From: LoneClone	Read Replies (1) \| Respond to of 78412

koan, FNX is actually about 3 times as expensive as RNG. FNX's market cap is about $1.5 billion, while RNG's market cap is about $550 million. The share price is meaningless for comparisons like this. Would you say that a company with a share price of $10 and one million shares out is 10 times as expensive as a company with a share price of $1 and 1 billion shares out? If a company does a split or reverse split it has no effect on the how the market values the company except in psychological terms. LC