RE:RE:RE:Hey miner"By 2019 our cash should be worth 30% more. If copper were to stay in the tank till then, the bonds could be only worth about 25 million or pocket change for our bank account."
I couldn't figure out how $91 million (CN) pays down $200 million in debt, leaving us with $25 million, by growing 30%. $91 x 1.3 = $118.3 million. So if we took all of our cash after the 30% increase in the exchange rate, we'd still have debt of roughly $80 million. I must be missing something?
But I get your larger point that one might assume that the exchange rate will favor the canadian currency in 3 years.