RE:RE:RE:RE:RE:Gacho Kue Profitabilityjust for context, and not that these two projects should even be mentioned in the same breath, Stornoway's Operating Profitability per ton is as follows:
Diamond Values: approx. 170/ct
Grade: .75cts/tom
Operating Costs/Ton: $57.63
Operating Margin/Ton: $69.87 (compared to MPV of $162.10)
When you see a company (such as Stornoway) publish headline NPV and IRR figures on a Pre-Tax basis first, its a red flag. Whats the significance of Pre-Tax figures? ZERO, NADA, ZILCH. They are meaningless unless the company doesnt pay taxes, royalties, or the like. Pre-Tax figures are nonsense, and they are usually headlined to make the numbers "appear" more attractive to a less knowledgeable audience. RED FLAG!