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20/11/19
07:44
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Originally posted by Paul7890:
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How bias can they be from a legal standpoint? I'm sure they still have to back up their numbers. Obviously some interesting assumptions made with a 24 year mine life, there is plenty of resource at Longonjo but that is definitely a big assumption based on inferred resources. More drilling over time would help to lessen that assumption. But then they've used a 14% discount rate and 0.25x npv. Im obviously bias, but I think $0.86 is quite reasonable based on the numbers provided (by professions may I add) within the PFS. These kind of broker share price valuations are often a catalyst for change. We will see what happens.
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I agree 100%, https://hotcopper.com.au/threads/ann-prelmininary-feasibility-study.5075542/page-97?post_id=41471865 They’ve used the company’s numbers. They’ve made that quite clear. Nothing objective about the report, from a company who will be paid lots of money for the LSE listing.