RE:For What It's WorthI think your 2 to 2.5 years for environmental is extremely conservative . I would expect double
I asked the company 2 months ago and they did not respond
StewartCatso wrote: Here is an estimation of timeline to first production and calculations of current worth...
Environmental Assessment and Permitting ==> 2 to 2.5 years.
Box Cut and Portal Construction ==> 0.5 to 0.65 years.
Commercial Production ==> 3 to 3.5 years
5.5 to 6.65 years to Commercial Production.
Initial Capital Costs: $500,500,000
Funds required to advance permitting, engineering, & SGA (5-10% of initial capital cost): upto $50M.
Based on the calculations below the stock is fairly valued. (.94 to $1.45).
| O/S | 104,523,361 | | | | |
| NPV@10% | $ 304,935,000.00 | 2.92 | | | |
| | nbsp; 22,270,073.00 | 0.21 | | | |
| | NAV | 3.13 | | 0.8xNAV | nbsp; 2.50 |
| | | | | 0.6xNAV | nbsp; 1.88 |
| O/S | 104,523,361 | | | 0.3xNAV | nbsp; 0.94 |
| NPV@8% | $ 481,900,000.00 | 4.61 | | | |
| | nbsp; 22,270,073.00 | 0.21 | | | |
| | NAV | 4.82 | | 0.8xNAV | nbsp; 3.86 |
| | | | | 0.6xNAV | nbsp; 2.89 |
| | | | | 0.3xNAV | nbsp; 1.45 |