Monday, October 31, 2011

Now you know why the phrase is "anal yst"

From today's Morning Coffee:

"On Friday, a Bay Street analyst put a out a report on NCG stating, "The company currently trades at $89 EV/oz based on the current resource, or $51 EV/oz based on our minimum resource expectation in early 2012. The adjusted mean EV/oz for gold exploration and development companies that we track is currently $76. In our view North Country should be trading at a significant premium to the mean due to the exceptional exploration potential of the entire 300-kilometre Committee Bay belt, the superior grade (6 g/t) for an open pit project, low sovereign risk in Nunavut and strong, capable management."

Yeah... now go look up where Committee Bay is. Good luck heap-leaching on rocky permafrost during the 6 months of darkness known as "winter".

You might want to discount the project for that. Y'know... just a bit.
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2 comments:

  2. Well okay, in that case I'm a dumass. :-)

    Though maybe I can still say "good luck MINING on rocky permafrost during the 6 months of darkness known as 'winter'."

    I mean it's still worth a good discounting, no?

    Anyway I'll leave this post up so's posterity knows I get shit wrong.

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