OTCPK:RIDYF - Post by User
Post by
clestoron Mar 28, 2012 10:01am
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Post# 19727011
Wasamac PEA
Wasamac PEA Looks like mgnt had investor's expectations in the wrong place.
Using $1,650 Au price, NPV8% is only 1/3rd preproduction capital. Not an attractive project.
Maybe they'd be better off spending $600 mm on acquisitions instead of Wasamac.