The DEC 2007 DFS table 4 stated NPV's ranging from $72M for forward copper at $3.00/lb up to $216M for copper at $4/lb. Who knows what it is today as we dont know what the current capex or cash cost projections are... which is really my point. We get very little information on which to base a valuaution on this company.
We know they are in discussions with joint venture partners for Kanmantoo...perhaps the STO deal needs to be completed before the prospective partner will sign up and perhaps this is why they needed cash now.
No doubt the outome will have a twist nobody expected
Its all interesting specultion and passes the time while we wait.
HGO Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
