RE:RE:RE:Post-tax NPV (7%) of $709 mlnHey Grimey, I think that any coverage is good coverage and RJ appears conservative out of the blocks, which is also a good thing. MNO's chart looks like just about every other chart lately with a 50% haircut in the last couple of months or so. Maybe Gilbert and Adrian can drum up some interest in TO. I think that what is happening in the broad market is a rotation into commodities over the summer. The TSX Institutions are using retail investors to gain a position (after their algos brought us down to the last raise level) by quietly buying up the discouraged retail sellers and in doing so avoiding the alternative of having to be the buyer... They can always count on retail to panic sell...
I remain focussed on the fall and the initial RE and hopefully the real start of the super cycle we all are waiting for. As far as the exploration/drilling goes I am happy - we continue to grow our open pit dirt with good grades which is the name of the game. As stated long ago all we need is a large tonnage of 1% CuEq or 1-2 g/t AuEq because open pit mining is cheap mining - we don't need porn grades. I do not agree with other comments that expressing grade in Eq terms on a VMS deposit is a negative. Assays have shown that we have Cu, Au, Ag and Zn which all have value and need to be accounted for. All 4 in one form and density or another will make the economics work so Eq is the correct way to look at this deposit.