1000 year mine life means nothing... full stop!
it's all about NPV to give a mine it's go ahead. NPV today.
discounting the cash flows from year 112 back to today will be worthless... let alone from year 912...
i wish people would stop banging on about this 1000 year rubbish.
in my opinion management used it as a way of saying "yeah, we have a lot of the stuff"... but it's now taken on this ridiculous 1000 year mine life-ism...
just my opinion.
Aussie's largest Vanadium - in - magnetite Deposit. KRCOA KRC gold too, page-733
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