PINL:VLTAF - Post by User
Comment by
gold_diggers1on Oct 11, 2013 8:53am
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Post# 21809665
RE:world wide gold deposits
RE:world wide gold depositsCurvature, NG Donlin deposit will need $6.7B startup cost.... a huge number in today's climate. It's 10 times Kiaka's startup cost but it does not have 10 times number of oz Kiaka has?! So, it does not count.
I will have to add some more conditions then:
- capital cost will have to be around $500 millions like VTR's Kiaka deposit.
- the deposit is being held by a junior, not some middle or senior producers. That way, Kiaka may become a takeover target or JV with someone to be developed.
- IRR more than 20% (at 8% discount) with POG around $1350/oz.
Cannot compare apples and oranges, sir.