OTCPK:DRLDF - Post by User
Comment by
WalkingThroughTheRainon Oct 31, 2012 1:55am
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Post# 20542790
RE: Top Pick on BNN
RE: Top Pick on BNN Yeah, I saw that. Kind of made me laugh a little. You know what else Sprott owns? Prophecy Platinum. NKL.v What do they have? 9 million gold dollar equivalent precious metal ounces (PGMs+Au) plus 5 billion pounds of Nickel, Copper and Cobalt. Guess what their market cap is? $70 million. Guess what else? They put out a $2.4B NPV PEA with a 32% IRR this summer with an 8% discount rate - not the usual 5% discount rate weak projects use to pump up the NPV and IRR numbers.
But hey, which project does Charles make his top pick? DNA and their 1.5 million ounces. Go figure.