The IRR and payback I stated above was for 3k gold. I would pay no attention to the IRR and payback at 3.5k gold price. Discount rate is 8%, not 5% like some others have used to fluff up their metrics, but 8% still not enough if they plan on carrying project debt. Plenty of execution risk for a fairly small reward, they need more material to fully pad out a 10 year LOM. The project is unlikely to attract finance unless gold goes on a ball tearer bull run.
WGX Price at posting:
$2.25 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)