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

To: ogi who wrote (59007)	4/22/2008 8:29:21 PM
From: loantech	Read Replies (2) \| Respond to of 78421

Ogi which guy on WGI on BNN? Wonder if they have similar problems to EPM? Stock sold down hard for a reason today and the last few days.

To: ogi who wrote (59007)	4/23/2008 12:26:10 AM
From: marcos	Read Replies (2) \| Respond to of 78421

wgi.to - just got the annual report this afternoon, always easier to read in book form, skimmed through again looking for diesel fuel costs itemised out, and they're not there, too bad, it would be useful to know ... best would be gallonage per tonne of ore and/or per ounce, then you could figure out sensitivity ... important stuff in a low-grade open-pit operation, fuel will be double what it was when they started, makes a big difference ... from memory, loantech said fuel is around one quarter of cash costs, so even a fifty per cent rise would mean over twelve per cent higher overall, plus you just know other things go up along with fuel The tire situation isn't helping, having to drive slow and put on an extra shift, this alone ups fuel costs ... total costs 410-430 now, were 355-365 ... plus they're in that verge-of-production stage where new producers seem to take a dip nowadays, perceived as iffy, while the 59m writedown for hedging doesn't look too swift All in all i prefer usa.v, even at these prices ... still got wgi, kept the majority that was bought under 2.30, but let go the recent shares bought higher, actually that effectively replaced cash that had gone partly to usa.v, so it was sort of a switch ... wgi is still an excellent buy imho, just had to make a difficult choice, competitive world, limited funds ... now if only i'd applied that in time to Dynasty, aargh, lol Nadler - i don't like this guy's permabear stance on PMs any more than anybody else, but he does make a point tonight, there's a vivid disconnect, they're not responding to euro/usd at 1.60, or crude at 120 ... however the permabull take on that, would be that there's a slingshot effect developing