RE: RGZ $451 per share?A couple of points re: MPV
Their interest will be diluted to 36% if deBeers earns their 60% of the project (CFV has the other 4%)
They are operating in the most expensive place you could possibly have a mine, as everything must be flown in and out or hauled on winter ice roads. Anyone notice the price of fuel lately?
As I recall, their operating costs were going to be about $50/ton USD before the oil price spiked.
I suspect this is around 4 times more expensive than operating in a place like Brazil. (BDY or VAA had a chart of this on their website but I can't find it now)
If deBeers is proceeding in spite of these kinds of margins you can bet they are drooling over the potential of Victory.