IEA where saying today the days of cheap oil are over and the world needs to look at alternative energy sources. Uranium is one of those sources. I wonder whether many GDO shareholders are unduly impacted by the Fukushima fallout.
I have confirmed from the company that they are targeting a 20 percent decrease in costs over the short term. They believe the gold and uranium
Resource is very robust and combined will produce a ist quartile production profile for the asset for many years.
I have also confirmed the Chinese where aware of the pending transaction pre their decision to invest. The question for those who question the purchase is on what basis. To date there has been a fair bit of sentiment but I haven't really heard one coherent argument why the acquisition is bad other than people not liking the headline number. If the asset purchased had underground lead credits or copper credits that would likely produce a medium term gold production price of 400 - would anyone object. In 3-4 years we will have production circa 450 oz from 3 different mines with costs potnerialy ave 400-450 across the 3 mines.
I am interested on the analysts take on this and look forward to some numbers both pre and lost uranium
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