I assume you appreciate that APC has used the highest SOP price and lowest exchange rate for any WA SOP PFS/DFS. You can work out what the implications are. They have also chosen to use the fanciful 73 cent royalty like every hopeful except RWD. Even Euroz in a broker report on AMN questioned the magical 73 cents. The royalty is likely to be closer to $25 as per a discussion in the RWD PFS. RWD has been the most conservative of all players with its PFS assumptions. The only advantage APC has over RWD is proximity to infrastructure and not being subjected to public review but RWD has accss to NAIF and we know how this helped KLL. RWD is superior on a number of fronts including resource and latitude. Good luck.
APC Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
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