RE: Peter Grandich on NDM news releaseThe valuations involved are staggering but the time-line is a killer.
2018 (plus a year or two for unexpected road blocks) is a long way off.
The IRR on the prelim is a lot lower than I was hoping.
An IRR in the high teens is not that robust when you consider the 2018 timeline and huge risks still envolved with this project.
I have revised my re-entry price for this equity.
Sold at $18 a few weeks ago and said that I would try and come back in at $14-$16 but now will not be buying unless shares hit $11-$12 bucks. I was second guessing my sale at $18 as I watched shares go north of $22 but
there is no more second guessing - I was lucky to get out with a great profit.
Good luck to all longs.
Tgelma15