RE:RE:NOT TODAY JACK !!Thanks for your reply Angelique1.
I've followed Lundins around for decades and admire their work and respect the family. .
1) Before we allow our eyes to pop out at the 28% IRR, we should note that the 5% discount rate is only 2 points north of long Treasuries. IMHO that rate is too low to reflect the MINING RISKS in a country struggling to emerge.
Secondly, those treasury rates (which represent the risk free rate of return) may move up from here
2) You likely have a point about inferred vs measured - whatever.
A latin government may consider all this to be splitting hairs.
Reviewing one or two fiascos may help BSR management with their approaches.
A PEA may count for little.
And seguaying into......
3) Talk around the campfire this week is that the recent Newmont purchase of GT Gold up in BC's Golden triangle, covering a deposit many, many times larger than Bluestone's, may unravel.
Around the WORLD, Greta has stirred up the locals, is my small point Angelique1.
So, Angelique1, I'll wrap up paraphrasing Lukas Lundin, who tries to extract the highest value while investing as little as possible.
With that, and using both PEA's and a MUCH higher discount rate, create a mine plan and schedule around a thorough risk analysis.
Bluestone has a lot to work with!
BEST OF SUCCESS!
JMHO