RE: Duck Pond: Doubling AUR's earningsMy back feels lighter already with you and others now carrying a bit of the "calculation load." Yes, Duck Pond really will be a cash cow (Duck/Cow: good farm metaphor) as it will add around that $1.50+/share you note to AUR's earnings alone (so add that to what we end up with in 2006 (now on track for $3+/share) and perhaps more as there are LESS than 100 million shares outstanding so juice up your numbers by 5% (To think, some always-wrong analysts are worried about the closure of 30% owned highest-cost Louvincourt and not even mentioning positive impact of 100% owned less than zero cents/pound Duck Pond that you illustrate). Don't forgot to add the revenue stream that AUR will get from processing for smaller mines in the area.
Strong buy and hold as I can't see anything right now that I feel more comfortable holding when held to the standard of upside potential v downside risk (particularly with Chilean Listing this week, Andacollo Final Feasibility Study shortly, La Verde restarting and a dividend increase likely for AGM news, and consolidation of the sector floating in the air...breath deeply)