important sentence... // valuation...Chris Wright, Executive Chairman & CEO, commented: "We are pleased to conclude this transaction with Minera Tepal and want to thank them for their continued support in developing the Tepal Au-Cu deposit. Acquiring an option to repurchase the NSR royalty enhances the project economics at Tepal and will enable Defiance to preserve flexibility for financing future development of the project."
REMEMBER:
NPV of Tepal nearing 500 Mio. USD (fully permitted copper-gold project)
Market Cap Defiance: 161 Mio. CDN
REMEMBER TOO:
The drilling program at Acacio which hast started 10 days ago (financed with 10 Mio !! out of a placement) is the main focus project - best silver area in Mexico !
CONCLUSION:
If you calculate ONLY 50% of NPV of Tepal (easy to mine open pit project) the actual share price REFLECTS ONLY TEPAL AND THE ACACIO PROJECT IS CALCULATED WITH ZERO VALUE !!!!
GLTA