A quick survey of my watchlist and I don't see any resource companies making ASX announcements about "DCF models". I wonder how many resource companies go to potential lenders / investors with a stinky, smelly DCF model that someone has pulled out of the proverbial backside
Where as, DFS are usually done by independent 3rd parties (such as Ausenco, GR Eng, etc) and they cover a range of details (technical, flowsheet validation, optimisation parameters, economic metrics, financial scenarios, etc). They are the document that most lenders require when they make their ultimate decision to finance a project ..........
No resource company in their right mind would go to a lender with a stinky, smelly DCF model done in Excel - perhaps in clown world, oh that's right I forgot I'm on the AGY thread ........
AGY Price at posting:
3.9¢ Sentiment: Sell Disclosure: Not Held
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