Saw DRM getting full finance package on the MYG thread.
Below is their presentation
http://hotcopper.com.au/announcements.asp?id=454171
They managed to get 55m full debt package. Their numbers are nothing compared to ours.
Their numbers,
70% IRR, 55m initial capex, Cash cost 800+, 3.7 year life, 280koz gold resource, 5m cash, market cap 64m++
Our numbers,
96% IRR, 32.6m initial capex, Cash cost 411$, 4.5 year life,
1.25m gold, 10m cash, market cap 35m++
How on earth are we so cheap? Seriously...Double the cash, 5 times the gold, more robust DFS.
On that presentation is also a list of producers and their market cap. 2 years time we will be on that with at least 180m market cap.
goldies peer comparison
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