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clock Created with Sketch. 11/12/19
12:12
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Originally posted by Rockjumper:
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Normally when you look at in-ground values you apply pretty hefty discounts (80-90%) to allow for cap costs and operational risk. PN has great grade (13.8 gpt gold) and metallurgy which negates much of the operational risk but based on the resource of 355,000 oz and gold price of $2,200 per oz, you're looking at a RAW value (with no costs taken into consideration) of $781 million (Australian Dollars).
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VMC are a life style outfit, thats what was happening over the last four years, a good life style and, now they have royally screwed over the long term investors, the exact investors that have been with them over those four years ...................
