Did something change from the feasibility study?I thought the feasibility study....showed this needed to be 2100 gold for many many years to make this onlly decent IRR...in the teens.
Even with all the money getting thrown around, it does not look like anyone will pony up to develop this mine unless gold is WAY higher.
I think that is why the price is slipping. The upside is just pretty limited...and there are so many other plays that are fresh and new and hot....that have 2-5x upside...that don't require 3-4000 gold to get excited.
Am I missing something...the value of the oz in the ground are that way as the cost to take them out is massive...