IDM - PEA - July 2016Came across this recent article on IDM (Gold/Silver).
They roughly trade at the same market cap as PGD right now.
Here is the article --
Article - IDM Highlights from a PEA published in July, 2016, include:
After-tax NPV (5%) of $120.4-million (U.S.)
After-tax IRR of 32.3%
Payback period of 2.0 years
Nice IRR, but the NPV is about a 1/3rd of Chidliak's...and PGD uses 2.5% higher Discount rate.
They are heading to FS..which should validate the economics for IDM and they are open at depth..although in that article...at depth is much deeper then what PGD is looking at extending to...much, much deeper.
PGD on the other hand is heading to an updated PEA with a basic doubling of CH-6 material and that should still leave a lot of open for depth for future opportunity.
If the after tax NPV comes in closer to CAD$900 million or plus...that would make it about 6 times greater NPV then this IDM PEA.
JK was right in pointing out that if Chidliak was a gold mine...it would be trading at much higher valuations. Hopefully when the market sees the significant increase in NPV with upside to go..they will see the money side of the equation and not just default to pre-conceived opinions on commodities.
LONG...PGD
EKIM