RE: RE: LYD otc, you are right. Sorry, I do understand NPV, but my mind blanked when I wrote that.
My point is that you are tying up $600-$700 million cash for a NPV of $600-$700 million. $1.0 billion NPV less cash paid for Lydian of say $400 million.
So my point is $400 million for LYD, $300 million CAPEX, that is $700 million expenditures for a $600 million NPV. Great project, but this isn't going to be a 30-40% IRR that a mining company looks for. That being said, at $1,800 gold as I illustrated, it is a very legit project.
Thanks for correcting me, I would not want to mislead investors.