RE:RE:John DoodyThis is a revision - apologies for my hasty post yesterday.
I spoke with Rudi Fronk at Seabridge today about Gold Stock Analyst's, (GSA), analysis. Rudi is holding out for significantly more than the 10% gold stream worth $147mil/yr, calculated by GSA with gold at $1,500. KSM is being considered by 3 major gold miners in addition to the copper miners that Doody was focussing on. The likelihood of a KSM deal being consummated increases by $38mil with each $1 increase in the prices of gold, (P&P reserves = 38.8mil oz Au) + 10.2 bil pounds of copper + significant amounts of silver and molybdenum. The value of the byproducts make the cash costs of mining gold $0. WHAT A DEAL!