RE:RE:Pre-feasibility NAV estimateOk, using opex of $60/ton, and revenue of $120/ton (as stated in the news release of Sept 21) yields a margin of $60/ton. The risk/reward ratio remains about 3:1.
If you think the odds of a buyer being found are greater than 1/3, the expected value is positive and the investment should be made.
The primary risk in my opinion is whether or not they find a buyer for 300,000 tons of DAPR.
If I understated anything, it is the importance of finding a buyer. If a news release comes out in 2016 that there is a buyer, in my opinion the primary risk would be mitigated. Any stock under 0.3 of NAV should be bought immediately.