OTCQX:CGTFF - Post by User
Comment by
goldinontarioon Mar 21, 2017 9:39am
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Post# 26006849
RE:RE:RE:RE:Columbus Gold Announces Positive Bankable Feasibility Study
RE:RE:RE:RE:Columbus Gold Announces Positive Bankable Feasibility Study I agree that there is a good exchange of opinions on this board.
WRT to the Discount Rate, I have generally seen a 5% rate used, so that is pretty common.
WRT to the BFS having a few figures lower than the PFS, this is pretty typical as the BFS is used by bankers to finance the project and has to be absolutely conservative.
More importantly, what I have often seen is that once the bids for equipment/construction start coming in, one will generally see a decrease in cap ex, once again increasing the IRR of this project.
In any event, I am not even sure if we get that far in the process as I would expect that either Norgold or another mid tier or large gold mining company buyout the project (IMHO).