GREY:VITFF - Post by User
Post by
drunk@noonon Aug 14, 2024 8:24am
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Post# 36178080
Gov't taking a page out of the kyrgyzstan playbook.
Gov't taking a page out of the kyrgyzstan playbook. The mine should've been shut down, get a feasiblity study on required cleanup. Then due a npv on the value of it. Look upon it as the value as if the cleanup was a cost of a new mine. In a 2500 oz gold envioirmnet, there would sttill be a few dollars of value per share after current debt and cost of clean up.
i.e if the clean up cost was 250 million, add that to the debt and the equivalent would be buidling a mine capable of producing 170,000 oz of gold a year, for 500 million dollars. That's if the cost for clean up/repair were 250mill and added to current debt.