RE:RE:RE:RE:RE:Good copper stocks surge like a mighty riverFor what it's worth Sooner, they could tweak the FS as the current price of gold is literally off the charts compared to the largest gold price per ounce in the NPV sensitivity analysis graph in the current version of the FS. Shouldn't be that expensive to update just the NPV tables, at least it would make for a good press release!
Best I can estimate blending the copper and gold at current prices, we are sitting at about $3 billion USD after tax NPV.
I fully agree with you that we need a hard stop on any further dilution. I'm not concerned that the future increase in gold price will assure my double digits price point, but the increased dilution is putting a ceiling on how high we ultimately can go. Dilution is only good if it is accretive to the share price. If it truly takes $80mm to get through permitting I figure it will all work out, however, we still are not fully certain if it will be WRN to carry the ball over the goal line on this or not.
Worst case scenario is that needless diution occurs prior to a buyout just to enrich friends of the insiders. Let's see what shakes out. As for now, we are an optionality play on gold whilst we wait for any positive news on Yukon infrastructure.
If you are getting frustated with lack of price movement, check out the plays in some of the silver juniors, they are starting to seriously move.