RE:RE:RE:RE:New PEA will have complete resource updateGoing Deeper,
I wondered where you went,
Thanks for that information on access to rail. But there is also this from the June update (5.1.3, page 68): "The condition of and access to the current rail infrastructure in the DRC make rail a less viable option for inbound Project logistics." Doesn't sound like a great rail system. We're not talking EuroRail here. Yet, it's still good to know it is available and within 10 km.
NPV tells you where you've been with 20/20 hindsight vision, NAV for better or worse, attempts to tell you where you're going. That's what analysts try to do. I stopped relying on analysts after Canaco. Some very sophisticated analysts, top names, like Brent Cook and others, were led to believe there was a gold resource of 2 to 2.5 million ounces. It wasn't completely their fault. Management at Canaco had mislead them. Still they're analysts. They should be looking out for that. When looking at all the data, it seemed to me an awful lot of gold was getting crammed into a very small area, too diminutive to accommodate the given grades. Anyway, I ignored my own instincts, and bought heavily on the advice of analysts. When the resource came out, it was just under a million ounces. The stock got creamed, along with my position. The point is I knew there was something wrong, yet chose to accept the opinions of others, believing they know more than me.
Analysts are just human. Don't hesitate to question their judgement. It's your money on the line. So when I see a 6+6+6 mining scenario, without sufficient data to back it up, I won't just blindly follow their model. That said, these people are trying their best, and work hard to deliver a good report. I wanted to acknowledge that and I'm pleased you highlighted that post, Going Deeper. Everyone wants to be appreciated for their efforts.