GREY:OLEPF - Post by User
Post by
aquaistqon Jul 11, 2010 7:22pm
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Post# 17260888
I found this interesting
I found this interesting
https://agoracom.com/ir/Tyhee/forums/discussion/topics/419163-on-resources-reserves-and-valuation-comparisons/messages/1377595
Oromin
PFS Sept 2009 - essentially showed mine not economic.Redoing with full FS due July 2010.
Market Cap: $90 M
P&P oz: 0.5M estimate
Total oz: 2.2M
Production Target: 50K estimate
Costs: $580/oz
MCap/oz P&P: $180 (2.9X Tyhee)
MCap/oz Tot: $40 (1.3X Tyhee)
Mcap/oz Production: $1800 (2.8X Tyhee)
Notes: P&P are my estimates, as none were determined in PFS. Full FS should be interesting. Very high cash costs in PFS.Similar resource profile to Tyhee. Even with all the negatives, still higher valuation than Tyhee due to PFS. A great example to see what happens when the market determines the economics of a mine are not feasible.