RE:Apples to Apples, Part 4... WG vs DMIsn't that
$64M was just for part of the property that Anto didn't already owned? vs WG owning 100% of its property.
eodway wrote: Apples to Apples... Part 4
Lets take a look at WG.TO vs what was DM.TO in a short apples to apples
comparison.
CAPEX
WG: $586M vs DM: $2.77B
Winner: Clearly WG!!
After tax NPV
WG: $1.2B vs DM: 750M
Winner: Clearly WG
After tax IRR
WG@ 7.5%: 24.6% vs DM: 11.4%
Winner: WG!!
Metal prices
WG:
Ni: $8.00
Cu: $3.00
Co: $14.00
Pt: $1450
Pd: $800
Au: $1250
RH: Not included yet
DM:
Ni: $ 9.5
Cu: $ 3.5
Pt: $ 1680
Pd: $ 815
Au: $ 1300
Ag: $ 21.50
Winner: No BRAINER... WG!
Location
WG: Canada vs DM: USA
Winner: Clearly WG
Market CAP
WG: $80M vs DM: Takeout price of .45 per share with 141,879,095 shares out
for a grand total of $64M NOT COUNTING all the money they sunk into that
money pit.
Winner: Counting all the money the total is upwards of $96M if memory
serves... And with numbers like that you have to ask what was Antofagasta
thinking throwing away good money after bad!! (correct me if I'm wrong
Jjeeddoo I think you know DM more than anyone else on this board.)