GREY:PGDIF - Post by User
Comment by
ekimon Oct 06, 2017 6:10pm
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Post# 26788063
RE:Ideal PGD scenario
RE:Ideal PGD scenario
PEA showed a 42 year mine life, $600 million capital, NPV of over $800 million and a not so exciting IRR of 17%.
..and they have gobs of resource left in the ground. Tough to boost up the IRR by boosting the project.
Those properties allegedly selling for US$750 million.
Pending extension of the resource....Chidliak would ahve a 12 year mine life, $500+ million capital cost, NPV (after tax) between $750 million to $1 billion and an IRR over 40%.
What am I missing here?....oh yeah, PGD hasn't found an unnamed buyer from the United States of American to pony up $750 US million.
"Suppressed' is probably the exact word that can be applied to Chidliak.
LONG...PGD
EKIM