OTCPK:CRZNF - Post by User
Comment by
dwotherson Nov 24, 2007 10:13pm
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Post# 13863001
RE: ballpark value as per 43-101
RE: ballpark value as per 43-101I went to one of their open houses. They gave a very nice presentation.
The metal values per ton on this one are very nice. The problem is getting the permits and not being able to predict where metal prices will be in the roughly two years it will take before they can possibly get this project going.
It would end up with higher costs due to having to ship by truck a fair distance, I think about 500 km, and that is expensive. From Ft. Nelson it can be shipped further by rail.
I was quite impressed with the changes to the planned milling process, far more environmentally responsible, indeed, it could be said it was a good thing silver crashed when it did in '82 when you consider the plan the Hunter brothers had...
The metal values at today's prices and what you can actually get out of it in profit are two very different things. Location is definitely going to mean very high costs. At today's metal prices I think it would do very well, but you just don't know where metal values and costs will be in tow years. I would suspect if there is an oversupply the cost of energy would decline due to less demand for energy, so some of the declines in metal values would be offset by reduced costs.