GREY:VGMNF - Post by User
Comment by
greenandgoldon Feb 25, 2011 6:15pm
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Post# 18196893
RE: Eléonore will be a big mine
RE: Eléonore will be a big mineIt's going to be a massive mine. 6 hundred thousand ounces X 15 years = 9 million ounces over the life of the mine. The kicker is that the richest resources (which haven't been included in resource estimates yet) are located below 1100 meters deep.
After they build the exploration shaft they should be able to drill deeper and define 15 million ounces or more (15 million is VGQ's private estimate, and Goldcorp could blow past this number). The cash flow from the VGQ royalty over the life of the mine could be over $500 million dollars. VGQ is incredibly safe and deeply undervalued.
Coulon has to VGQ's next target for a spinoff or sale. Zinc, copper and lead prices are on an uptrend. Once zinc breaks out above $1.25 or $1.50 a pound, there will be a lot of interest in buying Coulon.