Fast-forward from the PEA… The PEA analysis was done at $1950 GOLD and $4.50 Copper the NPV was $799,000,000 USD
- That number does NOT include moving a massive amount of material from Inferred to Indicated, that will happen in the Q4 report. ...We didn’t infill drill for two years for fun!!
- That number does not include subsequent drill results – of which there are a lot!.
- That does not include Santa Helena - from the company:
“The Company has concluded that this historical resource area is
considered open, and based on new and historical data defined an Exploration Target of 3.2 - 7.2 Mt @ 3.0 - 3.2g/t AuEq”
- That does not include the Alamo……
- Or the down dipping copper zones
- Or the Mineral under the crust that was never tested….this could be the most exciting!!!
- Or the WALLS
- Or the massive step out….
So lets say for the sake of discussion that since the PEA we have uncovered even 50% more resource, (I think that is very fair) that would give us a new NVP of $1.2Billion USD or about $1.6 Billion CAD (AT $1950 Gold and $4.50 Copper)……..seems a bit silly but that is $5.33 per share NPV apply whatever discount that you want…oh that that number is only increasing by the day BECAUSE WE NOW HAVE 5 DRILLS GOING….Personally i dont think this stock is getting cheaper!!!
Good luck to the Longs....Hold on to your hat!!!!