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Gold/Mining/Energy : Le coin des prospecteurs -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (20315)	3/29/2012 12:43:32 AM
From: 31Floors	Respond to of 39696

I think that most people would agree that the rapid demise in SBB's share prices was made worse by Agnico suspending it's big time Goldex operations and partial write down of Meadow Bank. I confess to being decisive in selling my SBB shares when someone wrote about and reminded me where my SBB had its interests. But it seems late, too late, to be selling it today. Another good move was to sell all my FVI (my second largest holding) on Monday, and I've bot back a small part of it today ($4.50).

To: NOW who wrote (20315)	3/29/2012 8:07:54 AM
From: jpthoma1	Read Replies (1) \| Respond to of 39696

At one moment a few years ago, Agnico was developping 5 projects simultaneously (Goldex, Kittila, Lapa, La Ronde II and Meadowbank). To many projects according to me. And they made disastrous mistakes. This is not the case with SBB. They even sold their base metals project in order to concentrate on gold. But, and there is a but, in these northern locations, investors have to be very very patient because access problems remain difficult to solve and it takes longer to develop a project. I remember when Goldcorp bought the Éléonore project from Virginia. They were supposed to start mining in 2011!!!!!!! Believe me, I am not sure if they will be ready for 2015! They don't even have the road yet!