Banks Island Gold Ltd BKSLF

RE:RE:Presentation

[Mining_Engineer_UBC]

Haha It sounds like miningman has found the solution to so many poorly run mines (sarcasm). Don't high grade (sarcasm). Except they pretty much all mines do high grade (some multi-billion $ projects) and there is good reason for it! It's because of something called Net Present Value (NPV) or sometimes referred to as the "time value" of money. In boz's case making $1 today is as good as making $1.08 in a year or making $1.17 in 2 years or $1.26 in 3 years. It's on the backbone of this concept that generating high earnings to pay down debt early in a mines life is critical (whether you're tight for cash or not) because as time goes on it becomes harder and harder to pay off that original debt (or generate huge profits if the debt is paid off). What I find so alarming is that every single mining engineer that I've ever met understands this concept in detail. How does miningman not know this?! Wow. Further, miningman, it's too late to back peddle and say that you understand this concept because in another later post you explain the pitfalls of high grading in such a way that clearly demonstrates a total failure to grasp this idea. Maybe you should log out of stockhouse.com and onto Lumosity! Good day!