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


To: czechmate who wrote (66910)8/27/2009 10:35:51 PM
From: Claude Cormier1 Recommendation  Read Replies (1) | Respond to of 78412
 
I started studying it after the recent press release. I agree with what you say. The items that I like:

- above 1M ounces and growing
- strong partner
- very low strip ratio (so far)
- 100% oxidized ore with high recoveries
- potential for extremely low capex if run-of-the mine ore works, if not, we still get low capex.
- excellent infrastructure

I also appreciate their base metals assets for the long term. For now they are worth zero but that will change when the next cycle comes..years down the road.

What appears to be the only negative is the location. But I read that things are getting a lot better in that part of the world.