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

To: Claude Cormier who wrote (60323)	7/15/2008 10:30:21 AM
From: tyc:>	Read Replies (1) \| Respond to of 78409

>>You think it can run this year? I appreciate your remarks, Claude. Yes I do think it could run this year. They have just begun a 10,000 M drilling program on Berg to investigate higher grade Mo. and Ag. which first became apparent in last year's program. Moreover, The Berg deposit is going to be the subject of a scoping study (economic assessment). To my mind the Berg deposit could easily be the equal of Mt Milligan, but other than the higher grade silver it's not precious metal (unless the high price of Mo makes it a PM) TRX's post option market cap will probably be ~$68M. It's retained 40% interest in Mt Milligan at current metal prices will have an 8% NPV of ~$600M. And in addition to obtaining a direct 60% interest, Goldcorp will retain a 32% common share interest in TRX. IMHO surely G's exercise of the option is a slam dunk !