All good. Always comforting to get different people coming up with similar numbers. Interesting the AUgust pour date....
Good find Rabbit.
Yeah the 3c and the 27c for the project NPV was what I had posted 2-Dec-10 (post 6034536). To the 27c I had added 2c for the development costs already spent and 2c for the equity raised for MApawa to get to 31c.
Their diluted shares are incorrect, should be 1,321,178,088
they can check my post to see what they missed!
Bit confusing they use a 5% discount rate (wow!) but label the venture and area risky. Huh? Also use a $950 long term POG but show the effect on free cash flow using $1400-ish for first 3 years. But their cash costs are way higher than what RED indicated...don't know what gives.
Whichever way you look at it..it looks a solid value for investors.
All good. Always comforting to get different people coming up...
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