current value, page-10

Thanks Next time, used 3500 per tonne??...so its a 2 times difference for in ground value. 0.6 % Cu (7300) = 0.9 gpt au (1500) in in-ground value.
Interesting to look at what Newcrest is mining in their Cadia ops?

Colinchi, there is a lot of money washing around in the financial arena, looking for good, lets call them physical, projects. That is projects which deliver some physical results, which can then translate into money.

However there are not a lot of good projects available for funding, that is projects which meet certain npv, irr, scale etc criteria. Doggy Projects (by unproven or dodgy mngt) exist by the bucket loads, and these will go to where they belong...the dust bin, and the sooner the better (of course in our stupid industry, these will reappear, all dusted, as the next eldorado at some convenient time in the future, and away we go with another round of excitement, froth, bubble and all that rubbish, although with what has to be a far higher gold price some of the old dogs will become gems..etc etc, and this is the nature of the industry). The PMI guys in GHana is an old Resolute Project, reborn...

Anyhow what AMX has done has been to find something which did not exist before, and because of this they control the major structures and what appears to be a new mineralised province.

So all I am saying is that when a project delivers a believable pfs that defines a certain IRR and NPV, and smart investors can see how all the calculations have been made, and they believe them (talking now about quality of management) and these meet the investment criteria, then the investment will be made.

So do not despair. Good projects will be funded, if they meet investor criteria. The money is their, and the tide is turning,

good luck