RE:RE:Here is another oneMarine - and one very very important thing to consider.....our NPV used an 8% discount factor of future cash flows....where future cash flows using $3.35 cu....ridiculous way to value a project with such a long mining life!!!!!
of course 300,000 oz of Gold mined 20 years from now at an 8% discount won't amount to hill of beans IF gold is only $1800 in 20 years. It's a tragedy that NPV doesn't assume a more realistic appreciation for increase in gold prices!
Stupid tele-marketer trying to compare a 12 year mine to 50+ year mine!