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

To: Claude Cormier who wrote (201554)	7/27/2011 7:47:32 AM
From: tyc:>	Respond to of 313046

>>"Cooper believes Lake Shore will have to restate reserves at its Timmins mine in Ontario using a lower grade, leading to higher operating and capital costs. " It seems to me that most gold miners might be expected to restate their reserves and revise their mining plans as lower grade mineralisation becomes ore with the increase in price of the metal. There could be higher operating and capital costs for all, but what effect will it have on total profits (and value) ? I have trouble making sense of the junior market. I congratulate the Globe and Mail journalists and bearish analysts on their ability .