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Yamana Gold Inc. AUY


Primary Symbol: T.YRI

Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company's segment includes Canadian Malartic; Jacobina; Cerro Moro; El Penon; Minera Florida and Corporate and other. It generates maximum revenue from the Canadian Malartic segment.


TSX:YRI - Post by User

Bullboard Posts
Comment by vinoconundrumon Jan 24, 2008 5:51pm
473 Views
Post# 14257729

RE: gold price

RE: gold pricehow can S be a bonus. this is low grade, they have to roast it to get the SO4 and recover the gold. that requires some energy. the product being sent to leach sucks up CN like a sponge which adds to the cost. SO4 plants are not cheap to operate because there is always something falling apart and SS isn't cheap. its a case of making some use out of the SO4 so that it doesn't cost them a fortune to neutralize or contain. lucky if they can recover some of the cost by selling it. 25 years ago when recession hit you couldn't get rid of the crap. bottom line - not cheap ounces. the market is telling us something so it makes sense to listen. I don't care who said $19, that 19 will not be based on the latest annoucement should 19 come true. maybe they know something we don't. the latest annoucment was positive but to rate its added valuation to the company I would put it at a 3 out of 10. still positive, but not enough to make a difference in these uncertain times. hell the fed could decide not to lower rates again when they have a chance and the whole market will be in the crapper again like last week. are you ready for that 1000 point drop. only thing that saved their butts was MLK day. they won't be lucky enough to have another off day in order to get their $hit together as a result of their stupidity. buy gold - use no margin and stay out of debt. above all if you want gold stay away from ETFs. easy to buy the metal at places like the vancouver bullion exchange and you can get as little as a 10th of an ounce at a time. Now just to validate my position. I bought this stock 2 weeks ago, I still like it going forward but I do not expect to see 3 bucks out of it any time soon, although that would be nice. it has great management and very agrassive growth plans. could be a take out target in a year or two. it will beat returns on financials, mutual funds or ETF's over the next 18 months.
Bullboard Posts