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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (130226)	9/7/2008 4:14:49 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 313017

- Would the capex be a lot more for CPQ or does that matter if G or another company takes them over. You mean the expenditures to bring the deposit to production? For sure it depends on how what mining plan they have. Mine the oxydes gold on surface only through heap leaching in a phase I or mine everything like G at Penasquito and have both heap leaching and a mill. They have more possibilities than G has Canplats's deposit has a more oxydes than Penasquito. CFO is in an area where there is significant mill capacity. If CFO would go alone (and they don't want to do that as they want to sell), I think they would not build a new mill but this spare capacity instead. So they would end up with much smaller Capex. - Do you see a take over for both companies at some point? Yes. But it is more a certainty for CPQ than it is for CFO at this point in time. CFO must still prove enough ounces to interest a buyer to purchase them at the price they want.