RE: RE: RE: JUST PLAIN TERRIBLE You hit the nail on the head Roadhugger.
Hopefully this unfolds as follows.
The PEA we are waiting for shows that we have an IRR of around 40% or more. That the Coringa property can produce a minimum of 55,000 ounces of GOLD per year. That the Capex are recovered in 2.7 years.
This will lead to a Bankable FS that will take another 10 months to complete.
Hopefully a slow production process kicks in and we are producing at the 55,000 ounces in another 8 months after the BFS. At that time our stock should be $2.00\share or higher depending on the price of gold which should be over $2,000 ounce.
So a 10 bagger from here is a good thing. All depends on what we see in the PEA which was supposed to out by now. Magellan has never hit a target date in the past so should have expected this delay as well.