Filo Corp T.FIL

That's the way it goes!

[Tree2tree]

I sold at 3.60 for a double - now it's doubling again!

[Rational43]

At least you made money on it.  Could be worse, you could have been the geography challenged clown bashing it last night right before it releases one of the best drill holes for copper in the world for years.   The NPV on the Oxide Cap is $20 a share.   This world class hole is from the Suphide resource BELOW the oxide cap, that is an order of magnitude bigger. 

[tadjames1]

Rational and others.... What are your target prices based on current and future information ? You say $20 for the oxide cap ? Is that an all out target price for the whole mineralization position that Filo has? Sorry for the question but I'm an oil and gas guy and don't know how they value this.

[Rational43]

$20 is the NPV of the NC53-101 economic assesement for the upper portion of the deposit, in the oxide ore, at current copper prices.   NPV = Production x price - cost to produce - cost to build discounted by 8% Time value of money That doesn't include ANYTHING for all of the recent drill results proving out a 1 KM thick chunk of sulphide ore that is 1+% CuEq,  OR The newly

[tadjames1]

Thanks Rational ! I think I mentioned that my background is oil and gas so I don't quite understand the size scale of what they have. Any gut feel on what someone would pay for the project? I've had shares for along time after they split up Josemaria and in the last month bought 25000 more shares at 2.50 and then again at 3.25. My TFSA was very happy today !!

[Rational43]

Before today, based on the Oxide, and my estimated NPV of the Sulphide deposit they had discovered prior to this, I put the NPV somewhere near $50 per share.  Mining deals are never done near NPV, as the capital and risk required require a return to take on and develop over 4 years.  Plus, my estimate of NPV would have been higher than the market would have ascribed. I would have

[BSdetector2016]

@tadjames1: I am the opposite in that my background is mining. It's not like oil and gas where you can do a draw-down test to estimate the value of a single well. In the mineral industry you need to drill a lot to determine size and grade of a target. This drill hole completely changed the dynamic of the project, however, it is still only one hole. The potential size of these types of

[tadjames1]

Thks for the input BS. I know there's lots of excitement arou d this and they say the oxide cap is worth $20 per share alone. It will be interesting to see where we sit a year down the road.