Cash costs of $6.50 at SB do not include royalties. Found the...

Cash costs of $6.50 at SB do not include royalties. Found the below link that indicates that production taxes and royalties would be $2.03 at a $4.10 production cost in Jan 08. Interesting to note that production costs have risen more than 50% over their estimates in just 12 months. Not sure if the production taxes rise as a consequence of increased costs or whether its linked to the pos or ounces mined. So that puts SB costs up around US$8.50 oz.

If Kensington gets the green light CDE will get a massive re-rating! Not sure on what the odds of that occuring are but if CDE takes out the US$1 (CXC $1.60) resistance then I suspect buying by insiders on expected good news.

http://findarticles.com/p/articles/mi_m0EIN/is_2008_Feb_12/ai_n24257958