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 (63054)	1/24/2009 8:56:37 PM
From: tyc:>	Read Replies (2) \| Respond to of 78426

I think you are right that the stock is "not moving" because of the credit crunch. But the same crunch applies to such movers as OSK. And bear in mind that that offered in return for the HUGE 900 million capex, is the very significant IRR. (At base rates the required 900 million would yield a return (IRR) of 18.1% and a NPV of 600M @ 8%.) The capex required by NGD's "flagship" El Morro is over 2Billion... Black Swans have always existed in markets. When one sees a one it is not unreasonable to believe one's eyes...(especially when next week's Canadian budget will have as it primary aim stimulation of the economy and the restoration of credit markets to normalcy. Thanks for your reply, and my apologies to the thread for hammering the table so !