I hear you OLY and have crunched and recrunche dthe number for SKAREGARD and must say never sen anything like it with a company at this market cap. It is all how management play it let us hope we have a savy bunch of players on board (not CMR mananagement).
The 1B payback could be achieved on th 6 million ounce gold project alone. however with that kind of Capex it would be alot more gold and other resources that would be mined more than doubling the intitial numbers i have. Next step has to be complete feasavbilty that is holeproff and clearly show that project is feasaible and list all risks in black and white, then put together a deal to a potential jV (100% CAPEX 50% profits of all resources ) and fish for a JV. With the resource base they are sitting on they could provide a very lucrative offer to JV which at current and IMO (increasing) spot prices would be very attractive and WHOLA we are on our way to being a producer. What does this mean to PGM that upon production they are debt free bringing in profits in excess of $250M a year yes thats right 250M without debt and thats being conservative, the numbers on Skaregard give me a headache, what makes me even more excited is that i crunch the numbers based on being a JV forking out the 1B and for any of the big boys i could not see a better return. Enough rambling for now
PGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
