RE:RE:RE:RE:Go check out the Skeena news...Try harder next time. At $1900 gold the projected margins on just the new 400,000 ounces is $1200. That's just about your number of $495 isn't it? The PROFIT on those 400,000 ounces at an AISC of $700 give or take IS the current market cap per your calculations.
That means...in no uncertain terms....EVERYTHING else ....the entire land package, SNIP, Albino Lake, all of it is yours for absolutely NOTHING....FREE!
The payback on this project will be UNDER 1 year. 1 Year of free cash flow pays for the entire market cap today.
I80 is years away from any meaningful FCF. They will burn up half a billion to bring all their plans to fruition. They will NEVER have an AISC even close to what SKE has
If you're content with waiting, drilling endless meters, building miles of tunnels 1000s of feet underground, processing sulfide ore, retrofitting a giant environmental nightmare of a roaster....well GL to you. I'd rather bet on a horse in a dog race. SKE is a thoroughbred I80 is golden retriever