RE:RE:Is the market price assumption too high? NPV is an educated guess of what the value is today, based on future in incomes discount back to the present. It makes many assumptions, discount rate, and future cost and future revenue which is based on future price over life of mine. It was done by independant third party. Can't used today price, need to make assumotion on average price over the next 70 years. Might look high today, might not look high enough in 10 years.
Seems high to me, where will the price be in 2 years, and will the price in 2 years be at point that they turn profits, hope we get more clear picture over next month, but Robin seems to think he can turn a profit at these levels.
Mines with extremely high cost like Mossaic colonsay will shut down, as they have done when price drops below their cost.