GREY:GUYFF - Post by User
Post by
dtrader3on Feb 24, 2012 2:31pm
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Post# 19581598
Economics
Economics One reason for the stock price decline ... poor economics...doesn't take a genius to figure that out... when u have an after-tax NPV5% at $1300/oz gold price (which is what most investors/strategics use) of only $432MM and an after-tax IRR of 12.7% (payback of 7.2 years) is dismal relative to a $700MM market cap company. The reason for the poor economics is the extremely high capex and above average cash costs. This stock is going lower