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FFF

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Alias Born 10/13/2008

FFF

Re: just-the-facts post# 17284

Friday, 12/05/2008 1:50:25 AM

Friday, December 05, 2008 1:50:25 AM

Post# of 83058
JTF,

Do you know if they are finding high concentrations of gold and silver that are way above what they originally thought was there?

The forward looking financial statements that I have seen use copper prices of $2.75-$3.50 (currently around $1.60), gold at $500-600, and silver at $10-13.

They also show that copper revenue is expected to be 20 times that of the gold revenue, and about 10x that of the silver revenue. So unless they have hit a motherload of gold, I am not sure how a 20-25% increase in the price of gold is going to offset a 40-50% decrease in the copper prices from their projections.

FFF

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