RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What IRR 43% and AISC $788 project has never been funded?jdn55 wrote: Re: ORE, My 2 cents opinion. ORE and AGG are basically the same on the development curve. In VERY SIMPLE terms, not taking into account metallurgy, geology etc., I would say for Mali or Burkino Faso when valuation metric is based on NPV a 50% discount to NPV is fair given the associated country risk. Based on this ORE would have a valuation of $98MM USD or approx. $130MM CAD so approx. $1 a share for ORE. One could assume ORE is pretty close to a fair valuation unless POG goes up or some other fundamental event occurs such as financing or a buyout or merger. TGM got bought out for close to their full NPV but they had built their mine already so were way ahead of ORE or AGG. Applying the 50% metric to AGG based on $1200 POG you get a valuation of $43MM USD or $56MM CAD. Given approx. 300MM shares o/s for AGG fully diluted you'd get a fair valuation of approx. $0.19 a share for AGG. Far greater upside opportunity with AGG then ORE IMO.
Strange thing with ORE, since they even aren't fully permitted.
Must be the ounces, allthough i didn't do any research about ORE.
AGG: Stil hunting after the sulfides, but there is not much information in the different technical reports, so i more or less think, one can forget about them.
As for the oxides: the 551koz are there, but - its hard to descibe since it's more a feeling, so don't take it to seriously- all information about the other ounces is kind of foggy.
Sorry,but i can't describe it better.
Maybe that's one of the reasons, AGG is lagginh behind.