RE:RE:RE:RE:RE:RE:Not a Done DealLife… Florida Canyon is a write-off. If you run the mill using the operating data from the 2024 guidance, the Net Present Value (NPV) with a 5% discount rate, gold price at $2,100 per ounce, and an initial investment of US$0, is negative US$200 million. This calculation excludes the royalties. I was hoping the company would sell off this operation, as investor relations stated the company wasn’t focused on the operation but was focused on Magino. The operation needed a lot of work to make it profitable. The company needs to increase the recovery rate and AU head grade, as well as increase reserves and resources. SpinCo’s first objective will be to obtain capital for exploration for Florida Canyon. They’ll dilute the hell out of your consolidated shares..