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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 (62829)	1/12/2009 11:13:56 PM
From: hubris33	Read Replies (2) \| Respond to of 78419

Well if we are talking about increased production in a couple of years I'll bet on SMC to finish its 80,000 opy mine sometime this year, now that its balance sheet is in better shape with the LRR merger. [That will put SMC at 130,000 opy from 2 mines] Sounds like it did a respectable 41,500 oz in 2008 at its Limon Mine, but needs to lower the cash costs of 610 and total cash costs of 658 in 3Q2008. I like the management team of SMC and they seem to have the financial backing of Forbes & Manhattan. fwiw H3

To: Claude Cormier who wrote (62829)	1/13/2009 8:48:25 AM
From: MICHEL GUIBERT	Read Replies (2) \| Respond to of 78419

In 2009 , I see more a production of 100k oz at 450$-500$ oz. Next month with 2008 results , I presume we will have the last results of beaufor drilling (21000 feet) and new reservs calculation. Lot of drilling to come this year at Island gold can change a lot the reservs of this property , actually i suppose the mill is operating at 100% (500 tons + 150 tons a day). Valentine , I see nothing before 3-4 years Francoeur who was closed when gold was at 350$ can be reopened (need pumping water , and some drilling to confirm new reservs and probably a new shaft) With all the cash and 2 operating mills , actual price is indecent it just cover the cash and one mill. So one mill and all the properties are free ??