RE:RE:RE:RE:Paul talks DrillingSteven, we (investors and possible suitors) will likely want to see an updated FS near end of the year before any sort of figures can be ironed out in terms of acquisition. Paul mentioned the market is waiting for this and I believe he is correct.
We are, as the day traders say, "dead money" for the next few months or so. You think a FS will be published by September? If it is, I just hope it is tailored from a neutral stance, meaning let's not sandbag the NPV on account of appeasing RIO. I want the figures on a 50 year mine life, a reasonable discount rate used in the NPV profile and realistic gold prices (i.e. $2,000) to determine what the real value of the mineral wealth at Casino is.
I personally no longer care what they do with the copper prices in the FS, at this point, looking into the future, Casino is a gold mine wth copper offsets in my opinion. I still want RIO to utlimately win the Casino sweepstakes, but the more I think about it, NEM needs Casino more than does RIO given their investment via the Coffee deposit.