Replies to post #1845 on Brigus Gold Corp. (BRD)

[wshaw14]

Thaks Gharma. I am well aware of that, but a good idea to make sure all are. AISC "it does not include capital expenditures attributable to development projects or mine expansions, exploration and evaluation costs attributable to growth projects, income tax payments and financing costs. In addition, the calculation of all-in sustaining costs does not include depreciation and depletion expense as it does not reflect the impact of expenditures incurred in prior
periods.". AISC does give one the ability to compare apples to apples though.
Also, the increase in production projected should decrease the effect of the additional items that you mention, and the increase is probably already figured in on the increase in tax estimate.

As for the financing. It is a good idea to have as much cash available as possible in todays market if it is on good terms.
My thinking is they will fast track Grey Fox to production.

[wshaw14]

I could be wrong on the following and feel free to correct me if I am, but:
In reference to the Note (purchase)
5M 01/03/12 Payment
5M 12/31/12 Payment
7.8M 02/21/13 Payment
5M 01/??/14 Payment
? 02/??/14 Payment
The most the balance being carried is $27.2M
The interest on that would be approx 1.6M
On the New Tax issue, I believe the 14M impact mentioned is inclusive of the 5M you mentioned, The way I figure it, they would have to make HUGE strides to have enough taxable income to owe 14M additional tax, especially considering the new tax is deduct able.

I have seen places that say it is 5% and places that say it is 8%. I figured it at 8%. Do you know for sure which it is?

[wshaw14]

One more question. Why would one use 110,000 ounces to figure?
"So, using 110,000 production for 2014 from San Dimas "
They are projecting 155-165,000. It seems to be more reasonable to use 160,000 oz