RE:RE:Book value of TVFeasibility studies should be viewed with deep skepticism. They ignore mining-cost inflation, which in most jurisdictions is running at 5+ times consumer inflation. They ignore financing costs, which in TV's case will be quite high. They often downplay technical risks. The chief purpose of a FS is not to tell the whole truth; it is to draw investment.
A pessimistic view of RP2 might suggest that senior management wants a new bonus-pay component to compensate for the rest of the operation generally having poor long-term prospects ... all the while weakening the balance sheet further.
TV needs a JV partner for RP2. More debt and/or more dilution will ruin shareholder value for years, rendering the entire company (not just RP2) merely a salary generator.
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miles44 wrote:
Upside should come with RP2 ...