Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Vennix who wrote (9154)	2/17/1998 12:38:00 PM
From: mark silvers	Respond to of 20681

Alan, Thanks for the information. Mark

To: Alan Vennix who wrote (9154)	2/17/1998 1:04:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Alan, Thanks for the post. I have some questions about the analysis. At the end you say you used $300/t for gold. Is that $300 value per ton of ore? If so how can Taylor justify that when CHIP is only reporting .019 to .023 opt. Using the number you quote for cost of $4 per ton and using the opt CHIP released that equates to $175 to $210 cost per ounce. While this is still profitable, the doubling of production costs you postulate would put them into producing gold at a loss not just marginally reducing profitability. I realize that you said you included silver in your analysis and this would push the number higher. Also where did you get the estimate of $4 per ton cost? This sounds extraordinarily low. Could you post a link for the Jay Taylor analysis so I can reference it directly? TIA Henry