If you invested in Vale 10 years ago you lost 70% of your investment with little dividend while in Norilsk it has more than doubled and yielded you a great of a dividend.
check it out:
And now Norilsk benefits from a cheap ruble, their costs got cheaper and their revenue is in other currencies
Key risks include:
Current estimated reserves may not be realized causing a shortfall in gold production.
Current water requirements for the heap leach solution would be in jeopardy if the main water well were to fail
Principal Outcomes - Life of Mine Study
Estimated Probable Mineral Reserves: 2.1 Mt grading 0.061 oz/ton gold (131,190 oz contained gold).
2.5 year mine life at 73,700 t/m ore throughput as of March 31, 2014.
Total gold production over projected life of mine is approximately 97,700 ounces gold which includes 85,300 recoverable ounces mined and 12,400 recoverable ounces gold in inventory as of March 31, 2014.
Average total cash cost per ounce of gold sold of $1,074.
After tax net present value until mine closure of $7.4 million (8% discount rate) using an average gold price of $1,300/oz.
It's an interesting little outfit but that's what they are little. Well could run dry.
I've I ran this outift that would be my prioriy numero uno now matter how small and insignificant to the big picture - get a revenue stream online to show this company is capable of capitalizing on assets.
and into the bullion like silver maple dragon privy mark
With the hands in the equities markets who know where equities will be, only thing you can count on it week currency.
I think it's null question, no way to answer other than I can surely say owning Precious metal products like the silver maple dragon privy mark
will do well. Can't same the same for equities.
I assume that silver from Silver Wheaton goes into coins from the Royal Canadian Mint like these,
Canadian Silver Maple Leaf Bullion Coin Year of the Dragon 2012 Rare Privy .9999
I never said anything about face value, it's totally irrelevant as you know nor does it come in plastic from the mint. Totally confused by your post. You seem to disagree and then prove my point.
Bullion with Numismatic value also. You're safety is the spot while you have additional explosive appreciation potential, look for "Rare 2011 Canadian Timber Wolf" for best example in recent memory. Bullion pricing but outstanding return possibility with limited downside? In this inflationary environment?
I'd take the bullion, the bullion that can escalate with high collector's or numismatics reasons.
it's illegal for them to pay in silver, it would take them an army of attorneys and they'd surely make it more trouble than it was worth.
I say just buy some Chinese GEM 10 Yuan Silver Pandas
I go for a one oz kook http://www.ebay.com/sch/i.html?_from=R40&_trksid=m570.l2736&_nkw=FRESH+MINT+2012+AUSTRALIAN
anyday over any mining equities, because they are constrained by political forces. Mining nationalization is a bigger issue than most want to admit.
Look at Argentina. Stock in mining companies is so heavily manipulated on many fronts for myriad reasons. An Oz of Silver is an OZ of beauty in your hand, with the bullion prices staying steady while mining companies may be shutting down meanwhile. That is what's up
Whistleblowers are staring to come in boys! Admits Silver & Gold Manipulation and other fraudulent activity regarding MF Global.
I believe long term miners are solid but I expect a shake up in the markets over the next couple months.
For those interested I'm selling of one of my rare 2011 Canadian Wolf Rolls on my blog if you know a good thing when you see it
Problem in the only safe latin american country to mine in is Mexico.
Btw, I'm selling of one of my 2011 Canadian Wolf Rolls if anyone is interested on my blog