RE:Capexfishmillion wrote: Hey Joe... sure its a bit fishy at 300 - 350 milll... here is my thinking... 2016 estimate .... 200 mill excluding financing cost, interest, and 1 yr sustaining capital.... so we know interest 7 % of 200 million for 2 years) is 28 million.... construction will be at the earliest 2022.... so an escalator of 1.5 ( min) is applicable from 2016 numbers .... this is consistent with other projects i have followed ...those in construction will confirm.... so.... 200 x 1.5 = 300 + 28 = 328.... the rest is the tko factor ....check my track record on my other forecasts ( minus the sarcasm).. but im usually at least in the ballpark
So fishy, first you say 350+ and now it's 300-350? At least that's a start of bringing you back to reality. No need to check your track record, only record to check is their published numbers. That is, 230M, which includes reclamation costs and operating expenses. 230M "All In" fishy, not 350+, not 328, not 300-350 but 230. Your numbers are ASSuming a 50%+ overrun in total costs. Once again fishy, you're denting your credibility.