RE:RE:Now what? @grape562000
Along with that, Pretium is valued at nearly 2B, with lower total resources, and higher AISC.
The one concern I have, and something we'll need to include in future communications with mgmt (lookingat you Peter), is why release a PEA in this manner.
Mgmt had 3 options:
1) A PEA JUST for the first mine, with the smallest possible CAPEX, in order to get attractive jumbers including NPV, iRR and AISC, with which we could eventually fund the other mines thanks to high net profits.
2) A PEA with a high ~500M+ CAPEX funding 40k tons per day operations, akin to the 2010 PEA, effectively funding all 3 mines all at once.
3) A PEA funding most of the infrastructure expenditure for all 3 mines, at a lower CAPEX of ~330M, but using only one mine for the first few years of the project.
I wonder why mgmt thought #3 was the right option. #1 and #2, in my opinion, provide much more attractive numbers.