RE:Will Purcell unenthusiastic as usual It is obvious Purcell has an ax to grind. On his las t report he had casted doubt that Evans would get the financing and going as far as sugesting we would end up in a long protacted wait for the financing likr the Renard project did. I don know what PE did to him but obviously Purcell is not a happy camper.
His suggesting that the feasibility study is based on 182 US for the rate of return of 32.7 % is actually false. Read the news release. Here is what it states in fine print at the bottom. Mayby Purcell needs glasses or a magnifying glass.
( ***Diamond revenue for the Feasibility Study is derived from the modeled diamond price estimate provided by WWW International Diamond Consultants (February 2014 price book) exclusive of any marketing fees post government valuation. Price forecasting is inclusive of a real 1.5% escalation over LOM. Average modeled diamond price in 2014$ is US$118.38 )