RE:RE:RE:RE:RE:Drop in share price??Bulava I hope so too. :-)
Negative is:
- the 5mio principal plus interest due in September 2016
- high sensibility to product price - so it depends on what price was used - I calculate 165USD/t which is too optimistic in my opinion
- 130mio USD Capex
Against the negative I count:
- As it seems the PFS has used a USD/PEN of 3 vs. currently 3.4 I guess so this might help with OPEX.
- Still room for improvements regarding the strip ratio and blending on site seems a possibility to improve economics even further
- The big hope - and hope is always a bad thing in this space - is off take agreements giving the company the possibility to finance via debt.
- Selling another royalty. I mean it is not a sellers market for sure but as it is said this should be one of the better management teams out there...
Will be interesting to see if management continues to buy shares and what their next steps are regarding financials and forwarding the project.
Just my personal thoughts. DYODD
carinthian