What COULD and what WOULD are two important questions with likely totally different answers!
If you're talking just the gold, and let's assume that we're at an $1850 price going forwards from this year, and that the LOM is still 10 years.... I'd say you might put an NPV in the $2bn+ but realistically what will the shareprice reflect... $1bn+ valuation?
Not even back of napkin, none handy, but I'll be looking towards $1.20.
When I spoke with Dr A at a conference a few weeks ago, he said he wouldn't think about unloading a share before $1.00.
FFX Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held