CQT conquest mining limited

How can you have an NPV so high. Based on the current GOLD price...

  1. 359 Posts.
    How can you have an NPV so high. Based on the current GOLD price A$1000, CQT has approx A$2.4bill of resource. Take a 15% profit margin (to be safe) and you have A$360mill. Your estimate of A$500-750mill calculates a 20-30% profit margin. I wasnt aware that the profit percentage profit marging was so high for a measured status or have you accounted for something else?

    Perhaps the resource has increased 20% since the last upgrade to account for my 15% valuation. Or perhaps the gold is cheap to recover because its shallow.
 
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