GUN 0.00% 1.1¢ gunson resources limited

...be careful.....note the exchange rate used was .72USD...ask...

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  1. 1,504 Posts.
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    ...be careful.....note the exchange rate used was .72USD...ask yourself how realistic that is....and the impact of using say 0.92USD on revenues.

    I suspect the project npv would be negative. As it is the capex payback is 5 years, which is unacceptable for bank finance.

    I used to own GUN some years ago - can't remember if it was feasibility study 1 or 2.....I give them credit for persevering, but it still seems an iffy outcome.

    Best of luck to holders. I have 1 share for old times sake.

    Rosco
 
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Currently unlisted public company.

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