RE:PEA $3.25 Billion who is going to finance that?? That's about 3% of total metal value of Casino .
You can also see that number is accounted for in NPV and in fact NPV considered 8% discount factor -
what is Rio and Newmont cost of capital ? Using their cost of capital...how much would that add to our NPV?
our NPV also assumed $3.35 cu - what is current spot and how long has it been above $3.35?
what is 2nd 25 years of mine life adding to our NPV? Is it reasonable to assume 1M oz of gold mined 30 years from now is basically worthless or do majors have a better way to value a resource rather than an NPV calc that basically makes anything mined outside the next 20 years meaningless due to assumption of $3.35 copper price 30 years from now and applying 8% discount factor?
Josemarie recently acquired with similar capex and I think less than half mineral content- why don't u go ask Lundin why they are going to pay that capex....