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Originally posted by nro
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Pay particular attention to the REO prices used to calculate project economics, they are multiples of current REO prices especially Dy Welcome to the land of analytics. Projected figures means a forecast of potential prices at he time of the intended activity occurring in however many years away. It’s logical. Saying in years to come the price would be today’s price would be laughed at as it will be now with you.Not only that but they have used seperate REO prices to value a 52% mixed concentrate which is just absurd.
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That is absolute nonsense, very clearly you have no understanding whatsoever of the JORC code and the responsibilities to determine the economics of the resource.
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