RE: RE: RE: RE: RE: Hedge Just had a quick look into Sage Gold
Wow , their Clovis Project in a JV with another company
(they do not owned 100%) has a net present value of 12,6 MM$
on 7 years; they have 108,000,000 shares outstanding;
CASH COST PER OUNCE OF GOLD = $ 1266
THAT IS IF EVERYTHING WORKS PERFECTLY
WELL , I KNOW THERE WILL BE OVERRUN COSTS AND MISC
LIKE IN ALL OTHER MINING COMPANIES
SO THEIR COST PER OUNCE IS GOING TO BE HIGHER
LET'S SAY 10 % , WOULD BE $ 1392
DANGEROUS GROUNDS
I DIDNT SEE THE OTHER PROJECTS IN THEIR PORTFOLIO
BUT THEY SEEM TO PUT A LOT OF EMPHASIS ON THAT PROJECT
AT 3 CENTS , NOT A DEAL IN MY VIEW