RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Not looking goodPeter, here's some math for you...
98.656754% of NPV will be bilked from shareholders in the form of G&A, compensation and bonuses. Oops, forgot, some of it might even be invested into some other completely unrelated company that will be utilized for paying additional G&A, compensation and bonuses!
That's the history. That's the truth. Don't let Matt Simpson's pedigree or professional demeanor fool you. Ask him straight up why BKI would be investing in a gold mine in Romania? Was that really the best use of capital for shareholders, or was it because its what was necessary? How has that investment paid off for shareholders?
Glencore or another entity has to come in and own enough of the company to remove the entire lot. Then we can talk project viability. Until then, its all irrelevant.
huberpeter91 wrote: Okay cefaci, i will teach you again;
IRR of 55% means that an investor gets 55% interest return post tax of his invested capital over 20 years life of Mine. Strip Ratio 0.6:1. opex 31 usd. Fe62% price is current above 90 usd + premium fees for higher grade about 20-30 usd. Bki will deliver high grade 68% ore - top 3% worldwide. The future will be high grade because of less environmental emissions. Go to Esm and compare this economics and be amazed.
no need to pump this baby.
BlackSea wrote: You need to Pump it Harder and Dump it ,take your half of a cent profit and be happy, because this is going Down the drain . The government of Ukraine is highly corrupted, war with Russia is going on , etc...All but negativity...
huberpeter91 wrote: Yes, that is obvious a risk. But with bki i take the risk and try to manage it by observing f+m. This one is just to cheap to ignore. F+m
had also there 100baggers. Some of their companies are used as puppies like Esm and suliden. Very few could be a winner, bki is one of them.
foundryman wrote: Why do you keep using metrics that are unapplicable to anything touched by F&M? Management doesn't intend to share their excellent returns with investors. Its visible by the massive discounts on any projects they're involved in. You can't scare Stan. You can merely vote with your feet by staying away from anything he's involved in. Also warning other unsuspecting investors. Those are your tools, to think anything else is foolish.
huberpeter91 wrote: Sorry meantime it’s valued at less than 0.5% of Npv10. For weak economic deposits that could be possible but not for economics with an irr of above 50 like than one of bki.