Thursday, October 12, 2006 5:09:18 PM
IMHO, KN is niether a huge CU play nor a huge AU play and too suggest it is either is not entirely true.
The fact is that it is both a CU and an AU play and the economics of the two metals together make it quite profitable.
Think of this - if AU dropped and held around 500 and CU dropped and held at 2.00, would KN be profitable? Would you make a decision to move to production at thos prices. You're damn right you would.
Now, do you really think we will be seeing those prices anytime soon?
The fact is that it is both a CU and an AU play and the economics of the two metals together make it quite profitable.
Think of this - if AU dropped and held around 500 and CU dropped and held at 2.00, would KN be profitable? Would you make a decision to move to production at thos prices. You're damn right you would.
Now, do you really think we will be seeing those prices anytime soon?
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