Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Claude Cormier who wrote (62999)	1/24/2009 11:26:29 AM
From: tyc:>	Read Replies (1) \| Respond to of 78426

>>"..gold ahead steady despite USD strong" That is why the market is making a mistake when/if it prices TRX on the weakness of copper. FWIW: Just playing with figures. The NPV and IRR must reflect changes in gross revenue in Canadian dollars. Since 21st Nov declines in the price of copper have been equalled by increases in the price of gold and the decline in the C$. The result has been that my C$ gross revenue calculation of LOM production was C$393 on 21 Nov and was C$399 yesterday. This is logical. If/when economy improves, the price of gold might fall but the price of copper would probably climb to maintain the hedge. (My reference to the FS matrix suggests IRR ~16%) I'll continue to calculate supposed gross revenue figures and rely on them for my investment action rather than fearful market prices. (The market is an ass! lol)