re: Ann: Glenburgh Exploration and Feasibilit... thanks for your...

re: Ann: Glenburgh Exploration and Feasibilit... thanks for your comment, lamb.

To me the Scoping Study is inconclusive.
The pre-tax surplus of 90m-200m could translate into anything between a marginal NPV and a healthy NPV once you deduct tax and back-calculate to today's value at, say 10%.
The IRR seems to tell a similar story at 38% - 92%.

Cash costs of ~$890/oz is better than some, but not comparable to RRL by a long shot as you seem to alude to.
RRL is quite special in that they free-dig low-percentage dirt and seem to keep recovery cost way down.
By the same token, I don't think that I would have recognised RRL as the winner they turned out to be early on in their explorer times.
Alas, would hate to miss a similar opportunity with GCY...

Not saying all bad, just not enough data for me to jump on just yet. But then, I might have missed something, and would be great to hear other views.