Nice short payback period for BellekenoSeems like Bellekeno will have it original investment back around New Year's Day.
From the NR on 11/11/'09
Payback = 0,25 years (with a mine initial life of 4 years)
"Based on metal prices of US$17.39 per ounce for silver, US$1,097per ounce for gold, US$1.02 per pound for lead and US
.98 per pound forzinc and a USD/CAD exchange rate of
.93, representing current metalprices and currency exchange as of November 6, 2009."
Base case;
Payback = 0,5 years
"Based on metal prices of US$15.16 per ounce for silver, US$996per ounce for gold, US
.72 per pound for lead and US
.85 per pound forzinc and a USD/CAD exchange rate of
.92, representing consensusaverage metal price and currency exchange forecasts as of November 6,2009 as published publicly by a basket of independent Canadianinvestment analysts and compiled by Alexco."
GLTA