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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (169348)	7/13/2009 12:30:33 PM
From: marcos	Read Replies (1) \| Respond to of 312294

ngd - the copper is in their pipeline projects, New Afton and el Morro, both were roughly two thirds copper at 4.00Cu/750Au, proportion is reversed at 2.00/900 but still significant BM ... Richard Saunders makes the good point on your old thread that they have a relatively high cash cost, also after construction of New Afton they'll be scraping for working capital, both of these factors give them leverage which can work hard for or against shareprice ... they won't go under with that collection of friends and allies, won't go to the moon either without surety of metals prices and things working out well at NA ... long run they do well imho, short term iffy, no opinion goz.v - looked at Gold-Ore recently? ... supposed to have a 43-101 on the way, prove up a little more mine life, combined with their cash flow the stock should trade up nicely, or so goes the theory ... i have little doubt that Bjorkdal and the whole district they have there will see far more gold come out than the market currently imagines, got to demonstrate it first though, and that's time-consuming in hardrock vein deposits that run all over the place ... they call the area the Timmins of Europe, comparable geology BC real estate - two realtor friends say they're busier than they have ever been, one had an all-time record month in may ... they say no bidding wars going on, buyers eyeing the US action and cautious, while sellers are being pretty firm, together this makes for lots of back-and-forth so they have to work for their commission for a change, but they're making it as much as ever right now ... no radical price swings either way they say, there were a few random fire-sale transactions over the winter but that's long past ... also, you can't get a top carpenter right now, at least any of the four or five i know, one is taking the summer off to work on his own place, turned his cell off and not returning calls