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

To: tyc:> who wrote (62914)	1/18/2009 8:45:55 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 78426

The 18% IRR assumed copper at $2.75, copper is now 50% lower and still very likely heading lower. Although gold is 35% higher, I quickly calculate that combined revenues would be almost 19% lower at copper $1.30, and 30% lower at copper $0.80 which is where copper might be by year end. But costs are likely to come down too. So what is the end results, I don't know. We will have to wait for new numbers. I am convinced the project will make it one day not too far away, I am just not sure a production can be taken before a new up cycle is in sight. Maybe.