Metals increasing the NPV
Current zinc & lead prices at USD 1.08 and 1.24, correspond to a Pine Point Net Present Value after tax of close to CAD 2 per share, i.e. before dilution from the final financing through private placement of USD 25 million.
The higher the stock will go before that, the smaller the dilution and therefore higher NPV per share.
A financing at CAD 1 would increase the share number FD to around 112 million, corresponding to a NPV per share of around CAD 1.50. Not counting the Los Pinos project...
The NPV is based on the Tamerlane information last autumn, but will probably be further increased when the N204 deposit is included in the feasibility study.
TAM is a strong buy on risk/reward with these fine metal prices and positive long term forecasts of zinc deficit.