Caesar's Report: FCV - Nov.12/2015Caesar's Report: FCV - Nov.12/2015
Caesar's Report on FCV
*Note that their disclaimer states:"Focus Ventures is a sponsoring company. The author holds a long position."
Report Quotes:
"in our most conservative scenario we end up with an after-tax NPV8% of C$234M for Bayovar 12."
- this seems a low estimate, in my opinion only, but then in the conclusion they state:
"Based on our calculations, Focus Ventures is currently trading at less than 0.1 times the expected NPV of Bayovar 12. We obviously hope the upcoming pre-feasibility study will confirm our expectations and we’re secretly hoping for an NPV of in excess of C$300M."