Wake up. Numbers suck, hence the sell off Irr of 17 percent? Sure that's good if you are investing in mid or large caps. But this is a mine in Peru that hasn't even broken ground! Think of all the massive risk, political, sector, currency etc etc
Nobody is going to write a 150 million dollar cheque to get this off the ground for a lousy 17 percent.
ask your self, did you buy this stock at 15 cents looking for a 17 percent return? Would you buy a penny stock at 20 cents knowing it could go to 0 if you were told you would only make 4 cents? No! So do you think someone with half a brain will invest 170 million dollars in Peru? If the cost to build th mine goes up 10 percent their profit is nearly gone
face it. Deal is done. They will pawn the property off and look elsewhere