RE:PEA comparison; Search vs Defense;Then why did the stock price not move today? Take awhile for the news to diseminate?
SergioR wrote: Folks we have to realize how great the $$$ numbers are on this PEA! We can make a easy and very accurate comparison with the PEA Defense Metals released last November;
1. The project net present value (NPV): Search $2.23B (before-tax) and Defense $765 million (before tax)
2. The pre-tax internal rate of return (IRR) for Search is 55.3% while Defense is at 20%
3. The pre-tax capital payback for Search is 1.5 years while for Defense it stands at 5 years!
What can I say ... congrats to all who saw what Search can be! We hot a home-run!!!