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Message: Gold at $1300.00 US

At Cambridge I noticed a bit of a buzz of cautious optimism. With gold at $1448 CDN and most equities on the move, I can imagine a lot of excitement at the PDAC coming up. I talked to Tim Friesen a couple of days ago and to answer to Jeff on the break even point, He suggested an easy way to get the feel for where they are is. They spend 120 million so at this price they need about 80,000 ounces.

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