Monday, January 12, 2009

Double your money every year for 10-15 years

Based on the Yamana press release today, Gualcamayo will give Golden Arrow (GRG) $2 million a year in royalties with their 1% NSR.....and nows the good news...you can buy the entire company right now net of cash/no debt for under $2 million. Just think, spend under $2 million and get a 100% return every year for the next 10-15 years. Brought to you courtesy of the irrational junior market. Sure beats .05% you can get from Treasuries.

stateside

http://www.marketwire.com/press-release/Yamana-Gold-Inc-TSX-YRI-937012.html


Gold Production Estimates (oz) 2009E 2010E----------------------------------------------------------------------
Chapada 140-155,000 135-145,000
El Penon (GEO) 435-465,000 460-480,000
Sao Francisco 75-85,000 90-115,000
Gualcamayo 195-210,000 220-235,000
Jacobina 115-125,000 120-140,000
San Andres 70-,000 70-80,000
Brasileiro 90-95,000 85-95,000
Minera Florida (GEO) 105-110,000 110-120,000
Sao Vicente 55-60,000 50-55,000
Alumbrera 55-60,000 50,000




Gualcamayo, ArgentinaStart-up and commissioning commenced at Gualcamayo in December 2008 with the first gold pour at the end of 2008. Completion of the primary crusher is expected by the end of February as planned. The Company is commissioning the ADR plant and commercial production remains on track for the end of the second quarter of 2009. Gold inventory of mined material exceeded 45,000 ounces at the end of December 2008 and continues to increase. The Company has committed to the construction of the Amelia Ines and Magdalena open pit satellite deposits which is expected to contribute to overall production by second half of 2009. An update to the initial feasibility study relating to the QDD Lower West deposit is expected by the end of January 2009. Total production for the year at Gualcamayo is expected to be approximately 195,000 to 210,000 ounces of gold at a cash cost of between $380-400 per ounce.

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