RE:Comments on PFS results
As expected, the phool jumps right in to defend a weak PFS, instead of taking time to think about whether it makes sense to be a shareholder of a company that is staking its future on a very doubtful project.
Capital investments of $305 million (initial and ongoing) for an after-tax NPV of $110 million???? No real mining investor will put $300 at risk for an outside chance of earning $100 several years down the road. And a PFS will ALWAYS underestimate the real costs. Not to mention glossing over the political, technical, logistical and other risks, which are super high for this project.
Strip ratio? 4.4 - a number that the phool would attack as way too high if it were any other mining company. Especially for so-so gold grades. That puts the whole business plan at risk from diesel prices alone.
All this hoopla for 712koz of produced gold?
Of course, the phool is already misleading readers by suggesting that the resources (low-grade, unproven, non-economic) are just waiting to be added to economic reserves. If any reader believes this, they have no business investing in mining in any shape or form.
Dedicated RBX shareholders should do all they can to stop the merger of RBX with Kiniero, before the company jumps into this big hole that will drain every penny from RBX and is very unlikely to become a mine, let alone a profitable mine.
"Consequently, what will follow is the conclusion of the financing." Anyone who shares that delusion will get what they deserve.