RE: Heavymonzy...you still around? Yeah ... I'm still around ... busy at work through the day so didn't post much more.
I think there's alot of rhetoric flowing right now ... negative reaction being overdone.
To be sure ... there were some startling numbers with regards to CAPEX and resource ... they don't seem to jibe ... at least not to the understanding I had to the point of the release ... but I think there is much more to be explained about what exactly TetraTech did (methodology) in coming to their conclusions.
The 'big' meeting Larry spoke of seems to be more clear now in so far as what 'big' really meant. Once the company had the document for review ... they had to come to terms with what TetraTech came up with and surely communication between the groups took place which would afford the 'guidance' for the go forward.
I imagine TetraTech used an extremely safe modelling ... if not paranoid simply for the fact it was uncharted waters for them. I imagine the discussions included topics of why they took this view or that view and what kind of work could be done to allow for meaningful rerating of many of the terms involved.
The conference call will help get a fuller understanding of the TetraTech machinations here ... and I use that characterization quite loosely ... but it does seem to fit as I believe TetraTech went super 'safe' with this PFS.
I can see this bouncing back to the 25 cent level pretty quickly ... once the dust settles of angered investors/traders and cooler heads prevail when a fuller understanding is in place.
It'll start to tweak up from there once again ... cuz ... the US government simply can't pass this up going forward.
Take a look at IRR threshold for other ventures ... I think the case modeling is certainly in AMY's favour ... and the CAPEX will be modified down when the company gets to work walking TetraTechs methodolgy back to more representative numbers in a few of their metrics.
Just my thoughts for now.