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Gold/Mining/Energy : Le coin des prospecteurs -- Ignore unavailable to you. Want to Upgrade?

To: jpthoma1 who wrote (14216)	9/25/2007 7:25:21 PM
From: idoru24	Read Replies (1) \| Respond to of 39128

Toujours un plaisir de vous lire!

To: jpthoma1 who wrote (14216)	9/28/2007 11:07:45 AM
From: aknahow	Respond to of 39128

A footnote to the CZZ Sept 11 release provided this information: "(1) The newly updated resource for Mequillon was calculated on the basis of US$ metal prices of $5.50/lb nickel $1.50/lb copper, $15/lb cobalt, $450/oz gold, $900/oz platinum and $300/oz palladium and the $US exchange rate was $0.80. NSR cut-offs of $40/tonne for open pit and $75/tonne for underground were utilized to report the resource." We know CZZ makes errors in its' releases but the use of $5.50 per lb. of Ni. shows a lack of concern over the impact of base case prices on the market value of the company. Had believed that CZZ was at lest using $6 as a base case price. What does NOT use for its' base case?