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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 (65955)	6/26/2009 12:09:17 PM
From: tyc:>	Read Replies (2) \| Respond to of 78410

>>The reason is large capital costs. The IRR and NAV reflect the promise of the mine after recovery of capital costs. From memory, that slide 14 I referred to indicates that at current prices the IRR would exceed 20% and the NAV would exceed 900M. Anyway, the option held by G is a very valuable option for G. G's participation would resolve the problem of restricted capital markets. But of course there are uncertainties and uncertainties spell R-I-S-K.