Paul West admits mine life at Casino is 72+ yearshttps://www.youtube.com/watch?v=5iK8gyis8W8
For those who are basing their lowball (i.e. $8 or less) future buyout based upon the headline NPV from 6/21 utilizing a 25 year mine life, you need to triple that figure to achieve the true value that I and others in the $15+ camp realize is more accurate.
Just saying.......you can choose to believe or not. Invest accordingly.....
The CEO also acknowledges that RIO wants to, likely, buy out the project. What was implicit in that statement is that fair value has to be offered to us shareholders. The longer we wait, the prices of the metals are only going to increase and we are now just 12 months away from Casino being opened up to all majors for negotiations, not just RIO.
Some will whine about today's low prices. I look at it as an opportunity to add to my position which should yield lucrative returns when it is all said and done.