RE:For What It's WorthNice modelling! I'd like to point out though that 5% discount rate is industry standard for precious metals projects. 8% is standard for base metals projects. That is the norm among banks, analysts and corp. dev. teams at majors.
This valuation also doesn't account for Snip or their cash on hand.
When I use 1500 POG, 5% discount, 174M share, 0.3 as multiplier for NPV and add in 18M cash I'm getting $1.62/share. Then add in snip value on top of that.
As we infill drill and increase the resource/reserve that is within the pit, the overall NPV will increase by a lot as the AISC goes down. Infill drilling I think will actually add more value to the project at this point than extending the resource since those infill ounces are within the pit and come out with no added mining cost.