cold canadaWell MMac, as you have made it clear your mind is made up with regard to my holdings, I wont try to use truth and facts to convince you otherwise. Besides, it has nothing to do with what I posted.
Here is where I got my numbers...In 2008 the company reported drilling 15,ooo meters. I got that number from the comany info. I simply went to the SEDAR financials for 2008 and had a look at the costs and divided the mineral exploration costs and G&A with a bit of adjustments for unusual expenses and got a per meter cost. checked with the 2007 numbers to see how they compared.
Then mulitplyed it by the 16000 they planned this year..That is how I got my figure. Seems like a simple and realistic way to predict future costs, based on actual ones from the previous program.
How did you come up with yours?
I have no problem with being incorrect. My hope is that others will spend a bit of time and look at the numbers themselves.
As to why everyone is interested. It is a great big basin of resources, that now is becoming economically viable.
The chinese, in general, I feel are buying up everything as they are the largest holders of US Dollars, and want to invest them before inflation or devaluation hits..just my macro view.
Which reminds me. The figure for buying out Roche Bay in 20and whatever it was is subject to an inflation adjustment clause,. I mention this because I had previously posted that there was no big rush on the belief that a delay would actually mean less cost in real dollars. Maybe it would be a good idea to buy them out by March 15th, but I dont see that happening.