Recent

% | $
Quotes you view appear here for quick access.

Goldcorp Inc. Message Board

  • tiger1three tiger1three Jun 6, 2007 3:14 PM Flag

    reserves update to be released

    any day now. Now is not the time to trade gg. If reserves disappoint then and only then I will revaluate and trade or sell. I will stay long if they are what I think they will be. Longs should be rewarded soon for their patience.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • McArthur hinted at the investor conference that the Penasquito updated reserves would not be double just yet, but they would be good. It sounded that the potential to double was their in the future, thats why they are not in the buy mode but into organic growth. Kevin is a sharp guy, if he has gold on his land he will find it. Telfer will find way's of promoting gg worldwide.

    • LOL.. I still recognized ;)........I have not heard anything regarding the silver expectation out of Penasquito .. nor the zinc which is a huge part of Penasquito..

    • well said.
      for what it's worth, as far as just proven and probable adds, I think we could expect near 3M ozs from Eleonore and another 3M-4M ozs of gold plus 300M-400M silver from Penasquito. Using a 50:1 silver to gold equivalent that would be like adding 8M - 10M ozs of gold increasing their proven and probable reserves from 37M ozs up to almost 45M-50M ozs. Penasquito could even be more and that is not including any addition to M&I. This pending reserve upgrade will have absolutely a MATERIAL impact on the share price, period, simple.

 
GG
15.95-0.11(-0.68%)Aug 26 4:02 PMEDT