GREY:ADEXF - Post by User
Comment by
rpdelucaon Aug 10, 2012 1:34pm
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Post# 20204635
RE: whats the bad news
RE: whats the bad news Bad news is that the market was probably looking for an NPV north of $ 1 billion. Note that the project is feasible by definition. Remember also that the project uses a $104/tonne figure...many PEAs that have been released use $115. The price of 62% concentrate has come down significantly over the past couple of months and is acutually tracking at around $115.
...but when the market speaks it speaks and it's not happy with what they see....