ask yourself this question - if this project was in a junior miner how would the market react? The answer is the response to your question are you being too harsh or realistic. With other junior gold stocks showing significantly lower AISC for new projects how would the market react to this for a junior mining stock. Other junior gold stocks FS studies have used a POG much lower than $3,500 eg $3,000 or lower with a higher IRR.
If they used a POG of $3,000 the NPV is about $150m.
But if POG continues towards $5,000 it will not matter.
RMS Price at posting:
$2.40 Sentiment: None Disclosure: Not Held
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