RE:RE:good news bagholders, pumpers."Now they are trying to make out they can provide guidance for year 4 or 7 or 10 including grade to a tenth of a gram! If you believe this nonsense" Of course not, I mean the company is obviously not asking anyone to believe say 13.9 eight years out, but that is not the point. They have to work with the information they have, with the costs they have worked out, and with the projections and assumptions they are using.
It leads to a spreadsheet of numbers to one decimal place, but that's where it takes them with current information. It's up to the reader to throw in some probabilites and smoothing and decide what weight to place on it. By the time people arrive at a net present value or a target price, they have given up the decimal point completely.
Mark is keen and follows companies, and sometimes does make iteresting comments, except not at all with pvg. He seem to just get it all the way though, so unfortunately, he has a profoundly deficient track record on this one.
After his ultra harsh, scathing criticism of me last year February, I might take a moment to recall his comment, and point out that I was correct all along!, sorry Mark, you crashed and burned there. Hope for better next time.: "Otto iknFebruary 3, 2018 at 8:35 AM
You're being way too nice, TAG. Rare indeed that I feel the need to write in a comments section anywhere but Paths, yours just beggars belief. You have the right to throw your own money down the toilet, but your level of ignorance shouldn't be allowed to infect the brains of others. This is, quite seriously, the most stupid thing I've seen written about mining in years and made worse because it's dangerous to the back pockets of neophytes, you've honed a style (on Stockhouse!) to make your ignorance sound like you have a clue as to what you're talking about. Which you don't. Not a single one."
There are many things I could say about your stupidity (e.g. laying off the crits is what nobody should do ever and it's also why PVG is going to the wall, ask Farquharson of Strathcona all about that) but just one point is enough: It's patently obvious that you don't understand what a FS is, why they are compiled, what they're used for, why they cost oodles more than, let's say, a PEA.