npv of karara project, page-9

Thanks Gimp, Riddick & Major for clearing that up for me.

I was not trying to say that ARH was better than GBG, just thought GBG had understated their NPV or ARH's NPV was a bit dodgy.

Now I know that's the latter.

Can you believe AGO's MC is now nearly double of GBG?!?!

Just because they have huge land holdings doesn't mean that they will have a huge resource because so far they have not proven up their resources.

Their have less magnitite & comparable haemetite to GBG and yet they are valued a lot more than GBG.

Their magnitite project is also a lot less advanced then GBG.

So as you can see GBG is greatly undervalued.

- MVP -