coming up with an npv is easy. there's nothing odd about the numbers, it's not a case of believing them or not.
they are estimates based on - what is known about the orebody so far, grades/strip etc, - industry opex costs and capex costs for similar developments - and estimated recovery and payable rates
in Canada or Australia, this is par for the course.
I actually think hartleys have been pretty conservative - 14% discount rate - 65% payability - 85% recoveries these are conservative numbers
what is unknown is whether the tonnage will be there ? and I don't know either, but - the mkt seems to think so, - the large shareholders that I know seem to think so - and the drilling so far is backing up the initial targets (non-company targets)
we'll all just have to wait and see
good luck with your short
SIR Price at posting:
$2.86 Sentiment: None Disclosure: Held
