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18:52
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Originally posted by Bunn-Wackett:
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Fearmongering about raisings does expose people indeed. WRONG! As an aside and in response to many wondering why the share price wasn't higher I suggested the market might be anticipating a CR, simple. Further, I note that another poster on here applied a risk discount using available info and applying a percentage to NPV depending how far along the company is in its life from explorer to producer, early days the % is low and nearer production the % gets closer to 100%... and that poster came up with a price very close to what it's trading at now. It's how the market values mining companies at different stages, it's a guide and you're obviously unaware of that too. You may like to look that up instead of saying "it's going to 20 cents" with nothing backing up that comment.
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You are a laugh as I have already referred to the 2.5% figure conventionally used as being wrong in this instance as we don't have average costs of mining.
