RE:RE:RE:Junior attempts a build - Argonaut Gold edition - A Revisit With all due respect I am not sure you are fully looking at it fully. There are three key things to consider.
1) First and foremost is that there is over $90B worth of metal in the ground at current prices. Even with some % of NPV buyout, construction costs, and ongoing costs...there is a lot of very profitable mine life here.
2) The NPV takes into account the construction costs of the mine.
3) Historically, buyouts go for in the 40% of NPV range. Sure there is a lot of range in buyouts and examples lower, and higher, can be brought forward. But 40% is a reasonable average.