GREY:STACF - Post by User
Comment by
junior_mineron Mar 18, 2007 9:23am
197 Views
Post# 12438940
RE: You''''ve missed the point altogether.
RE: You''''ve missed the point altogether.Unbelievable comment from some kind of mining analyst. I don't follow the company, but just glancing their optimized NPV is enough:
- They only report pre-tax IRR and NPV (which are already bad)
- They use 2 year trailing and/or 3 year forward metal prices (but copper always 1.85) and still fail to show good NPV or IRR.
- Bad IRR dictates there will be difficulties in debt financing. They are forced to hedge, and probably still issue mass of shares.
- Using those mineral prices, there are tons of better companies.
- Heck, even Roulston dislikes it.
https://www.yukonzinc.com/documents/YZC-NR-2007-01-221.pdf
However, I do admit you have contributed lots of good information about PAX.