RE:RE:Rumors K is looking for a JV with Belo SunThe Belo Sun deposit is not super high grade, so it must be open pittable. I did not look to see if a PEA has been performed. As long as the gold price remains firm and even goes up a couple hundred dollars to the mid 1900 price range we will be alright.
If I was the Kinross CEO I would pretend gold was $1450 in my head to treat the profits above that with great care in terms of managing debt. A joint venture ought to be based on the average price of gold until payback is achieved.