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02:36
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Originally posted by speculator101
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From my brief investigation of AQG, the main issue is that they are going to go ahead with the very large capex for extending the life of the mine. $800+ million is not small change. Especially, when they are already sitting on $320 million in cash. The new project has an IRR of 20%, which is passable, but when there are so many quality projects the world over dying from a lack of funding, I wonder if the 'market' is unhappy with their current plans.
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Originally posted by speculator101
↑
From my brief investigation of AQG, the main issue is that they are going to go ahead with the very large capex for extending the life of the mine. $800+ million is not small change. Especially, when they are already sitting on $320 million in cash. The new project has an IRR of 20%, which is passable, but when there are so many quality projects the world over dying from a lack of funding, I wonder if the 'market' is unhappy with their current plans.
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Thanks for the analysis and summary.
