RE:Headline today at Mining and ExplorationThanks anderew. I liked these comments:
"...with the price of gold set at US$800/oz., Pretium’s overall pre-tax profit during the 22-year life of a mine (net present value), with a five-per-cent discount rate, was over US$602 million."
" “So it showed that this project was still robust, even in a low-gold-price environment,” Quartermain said."
"Using the US$1,350/oz. base case, the company’s overall pre-tax profit during the mine’s life, with a five-per-cent discount rate, rose to US$2.7 billion."