GREY:ADEXF - Post by User
Comment by
VENManon Feb 17, 2012 10:25pm
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Post# 19553021
RE: RE: news just out; Anico Eagle 's Meadowbank .
RE: RE: news just out; Anico Eagle 's Meadowbank . Agnico-Eagle AEM has a market cap of $6 Billion, we should all hope for the same problems these guys have. At Meadowbank a technical and operating review has resulted in a new pit outline, with higher grade cut-off parameters is what they said in a news release put out Feb 16 2012, Which just means they plan to mine and make more money. More not less. If as you say it cost AEM $1000 per ounce on $1723 per ounce gold they still make $723,000,000 on every 1 million ounce they produce. $723 million is good cake. Its no wonder AEM has a market cap of $6 Billion. The only company buying more land in Nunavut than AXI is Vale with a market cap of what $136 billion. You know who is not buying any more land in Nunavut is Roche Bay Plc. Boy they could use that $35 million to stake some land eh! but i guess AXI might be planning to do that first with all the capital they may get from XinXIng and after they lay claim to all they want then and only then pay $35 million to Roche Bay Plc and at the same time reduce royalites by 50%. Who knows what AXI is really going to do but this is what us Speculators do. For Roche Bay Plc there won't be much left to claim thats any good having to wait till 2020, thats for sure and they will only get paid If AXI and XinXing both think they can turn a profit based on what the DFS has to say. Awe well enjoy the wait.