Nectar,
Where do i even mention AMX? Perhaps you need to pay a visit to specsavers. AZM not AMX.
Once again i do not think you understand the idea behind IRR. The internal rate of return in poor for IDC.. hence the need for 4 years to payback capex. This accounts for half the 8 year mine life. I am sure IDC will extend this and make this a larger operation but as the pre-feas stands at this point it is really bad.
Other operations with high IRR tend have an extremely low payback period. MSR 10 months and DRM 1 year.
You wrote
"MSR after years of drilling only has a JORC of 1.2million ounces and their IRR looks good because they will run out of gold in only 4.5 yrs! This allows the accountants to have a small capex to produce 50,000 ounce per year."
Your understanding of IRR is extremely poor. If the mine life is more than 4.5years the IRR would be way higher as capex has been sunk. Where do accountants come in? I am baffled now. The current jorc for MSR is within 7km radius and 4.5 year mine life is just based on reserves atm.
Weak register? Clearly you haven't even checked who is on the register.
Good luck nectar but i am afraid your posts have severely misled some posters especially when IDC caught my eye when you said it was going to be zero cost. Suggest you do a read up on IRR and NPV to better understand them.
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