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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (7408)	1/8/2008 3:40:24 PM
From: tyc:>	Respond to of 8273

The point about IMG is that I see today's price and volume as indicating a possible break-out and therefore the beginning of a trend. I do not anticipate the trend lasting beyond August. In fact I refuse to anticipate how long the trend may last..... the price action will tell me when the trend has aborted, and that's the time to run for the hills. (Who knows? it could be tomorrow ! lol)

To: marcos who wrote (7408)	1/21/2008 1:36:57 PM
From: tyc:>	Read Replies (1) \| Respond to of 8273

From El Morro feasibility; "Average annual production during the first five years has been projected to be 195,285 mt/year of copper and 353,774 oz/year of gold, with an average annual life-of-mine production over the currently estimated 15-year mine life projected at 157,453 mt/year of copper and 337,255 oz/year of gold, Metallica said." EOQ As I recall, Galore Creek was anticipating 340,000 oz per year , compared to 353,774 oz for El Morro, both figures are for the first five years of production. For Galore, copper production in the first five years was forecast at 432Mlbs per year. That's comparable, I believe (432M/2240 = 193,000 mt). (I must check) Yes, here is Galore's forecast: "Initial five-year estimates at GALORE Creek forecast production to be 432 million pounds of copper, 341,000 ounces gold and 4 million ounces silver. Cash costs are expected to be C$0.67/lb copper and C$150/oz gold." Too bad stock prices are lower today eh ? lol.

To: marcos who wrote (7408)	1/21/2008 1:54:29 PM
From: tyc:>	Respond to of 8273

Also from El Morro Feasibility study: " An initial capital investment of $2.5 billion is projected, which includes an allowance for price escalation and a contingency of 13%. The total life of mine (LOM) capital expenditure, including sustaining capital, is estimated at $2.8 billion. The capital cost estimates are considered to be accurate to within 15%." EOQ So production levels are comparable to Galore Creek, but Galore Creek is now forecasting capital costs of ~$5 billion, aren't they ?