posted on
Oct 08, 2008 12:05PM
DELIVERING DISCIPLINED GROWTH
Third largest primary Gold Producer in North America
Message: Re: DMM and K
No not implying an immediate restart. Dynasty IR said that phrase and nothing more or less. The discussion didn't sound conditional but may be wishfull thinking - I can only read his tone of voice. On a previous call I was told it would take 3 months till a pour but they are being careful in now allowing 6 months. Whether they actually start work, or has been suggested they never stopped, is another discussion.
I just talked with IR at Kinross and he said they are not doing anything on the ground until the rules are set and established and they know what direction K would be proceeding in. He did say K was setting up plans based on Aurelian's last plans and would be ready to preceed when the green light is shown. He did mention that they are getting mixed signals (hah never happened) where the Government tells them something that the previous day was 180 degrees in contradiction and was mentioned via the "press".
Only sure thing I can say is nothing has changed and believe nothing.
In our opinion, Goldcorp is a better candidate these days. K has lots of blue sky but that will take time and diplomacy to stroke the gold out of the ground. G only has the weather and a crappy market to worry about and is proceeding full steam it looks like.
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