BGD 2.88% 25.3¢ barton gold holdings limited

The more i look at this the more it stinks. Add in the pre...

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  1. 196 Posts.
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    The more i look at this the more it stinks. Add in the pre production capital needed to the capex number. 7.5% discount rate is crazy there is an almost zero chance a company this size can borrow 4 or 5 or 6 times its market cap anywhere near that rate. Plug in some more conservative numbers in your npv along with a higher discount rate and theres f* all in this. using a gold and silver price that we werent even above at the start of this month along with an unrealistic cost of capital and your lapping up a 40% irr. its ridiculous really and wouldnt happen in a bankable dfs.
 
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