The NPV of the Rincon project at the time of the PEA was presented, based on a a particular production output, development cost, life, etc, with a few scenarios presented. Picking ONE of these scenarios, even if it is the "base case", a few YEARS later, when pricing forecasts have been blown out of the water, is a simplistic and disingenuous assessment. Like I said in the other thread where you are carrying on the same "discussion" (why btw?), you have failed to consider a raft of critical factors that the market is clearly starting to incorporate.
If you have conviction in your judgement, short away!! Do it!!
Ps. AGY and it's "valuation" is more than the "base case" Rincon project, but hey don't let reality spoil your flawed (IMO) assessment!
AGY Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
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