Post by
deepthinker63 on Feb 18, 2022 1:55pm
Is it worthless?
No. If I was a cash rich company, I'd pick up this asset for cheap, drill some more, and wait for gold to go above $2000. It's not a great project at $1600 or $1700, but it will be at $2000.
Comment by
deepthinker63 on Feb 18, 2022 2:29pm
At $2000 and $25, NPV5 is $718 million, and that's excluding all the 2021 drill results and whatever additions they make in 2022/3. Am I paying $150 million for this? Duh. That's like getting a free $500 million if gold goes up $100 and silver goes up $1 over the next couple of years.