SPDR Portfolio Short Term Treasury ETF T.SST.U

Primary Symbol: SPTS

The investment seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays 1-3 Year U. The fund invests at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of short term (1-3 years) public obligations of the U.S. Treasury.

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SPDR Portfolio Short Term Treasury ETF > A 0.25 ratio should be fai

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Comment by dlegovichon Mar 13, 2009 1:35pm

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Post# 15843287

RE: RE: RE: RE: RE: RE: A 0.25 ratio should be fai

Neves Corvo has some 20M ozs of reserve but it's producing at a rate of 0.5M/yr, that is a 40 yr minelife (but they also have 10M ozs of M&I resources that would give another 20 yr minelife).
I really do not know why this mine has so many reserves when compared to production, but if they need 60 years to produce them, well, nobody will give any value on such a long term.

All in all I would be satisfied with a 0.27 SLW/SST ratio.
If we cannot get at least that ratio, there is no reason to sell the company.

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