stoll this from sgf board sorry to the guy who wrote this just thought it would be a good read here to. these numbers look nothing like mpv to bad huh.Here are some Ekati mine milestones taken from "Anatomy of a Stock Winner" by James Dartnell (Feb. 2003 Resource World magazine).
Sept 1991 ...... $1 ..... Drilling initiated
Nov 1991 ....... $8 ..... Diamonds discovered
May 1992 ..... $16 ..... Further positive exploration results
Nov 1992 ..... $32 ..... Ten kimberlites now identified
June 1993 ... $66 ..... Five pipes bulk sampled, 15 total kimberlites
May 1994 ..... $58 ..... Feasibility study underway
June 1995 ... $24 ..... Feasibility study completed
Nov 1996 ..... $53 ..... All permits approved, construction started
Oct 1998 ..... $55 ..... Mine opened and production begun
July 2001 .... $61 ..... Final price before BHP takeover
In the referenced article, Dartnell compares the life cycle of a mine to the general pricing action of its mining stock. The first column below is the mine life cycle event and the second column is the expected volatility and stock return.