RE:RE:RE:Buy ARTEMIS instead of I80..... from the site
"*Excludes impact of Silver Stream, completed after the feasibility study Notes: 2021 Feasibility Study technical report entitled “Blackwater Gold Project NI 43-101 Technical Report on Updated Feasibility Study” dated September 10, 2021 filed on SEDAR"
the silver stream done after FS. how could 2021 FS include silver stream? did they have a psychic on their board?
the market will never value a dev company or even a producer using 5% discount rate at spot gold prices.. they dont even value diversified producers that way.. generally producers are valued at 15% below spot on NAV
as for costs locked in.. they were apparently locked in for magino too in dubreuilville which went 100% over on budget.. unless contractors are real stand up guys and going to work for free if project goes over time and budget nothing is locked in.. you can mitigate risk but i wouldnt count on any greenfield project with 2021 pricing coming in on budget ...