another highly prospective gold prop!, page-9

great post Exberliner -

i agree with your comments on a very conservative NPV being placed on the project at this point by the company taking an extremely cautious approach.....

If you look through some of the recent announcements they are more than happy to realise that value at present with stating that Grimston Worlds minority interest will in fact be purchased for a figure greater than the NPV but with out details until final documentation is signed....

This is just quick numbers for Las Lagunas but -

438,000,000 shares x 31.8c NPV = $140m

Grimston World 6% = 26,280,000 share equivalent

6% of NPV = $8,357,000

Additional capital released last week called for $3M to reach the first tranche of three placements for the transaction.....

Long and the short of it is obviously they see the NPV at present as being far below normal calculations.....

I wouldn't be to suprised to see the conservative NPV reached sometime in the near future.

:-)