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Message: Re: Kinross gold output falls; more production needed
3
Jan 25, 2010 02:55PM
3
Jan 25, 2010 04:00PM

Jan 25, 2010 04:52PM

tau- You mean you don't think the 43-101 will contain 5-10 million oz? :-) You're probably right, though- We may be a bit small for Kinross. At least for now. OTOH, KXL's main properties are both convenient and very promising- not to mention in an area conducive and friendly to mining, and all those other things we've discussed before. Depending on what they've seen (I assume Kinross would have been one of the companies to sign a nondisclosure agreement), Kinross may indeed think that there is the potential for their minimum 5M oz. Then it boils down to whether they want to take a chance now, or wait until later when it might cost them much more.

It doesn't really matter to me whether it's Kinross, another big fish, or a medium size one, as long as they bring the money. What I don't want is to be diluted both by being swallowed up by a company with lower growth potential and by having to dilute to raise capital to get into production.

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