re: Ann: Phoenix to stage development project... A reasonable result for the DFS and no nasty surprises. According to the DFS, at a discount rate of 8%, this company (project) is worth 153 million (at AUD gold price of 1350). AUD gold price at present is $1427 so NPV perhaps around 180-190 million?.
Current market capital is sub 40 million. The IRR is also a respectable 30%. The value increases exponentially with an increase in the price of gold.
What I really like is that production will be ramped up slowly with no large capital raisings and dilution planned.
For those who are strongly bullish about gold in the next 2 years, I think that this stock is an excellent buy and may be a 10-20 bagger.
re: Ann: Phoenix to stage development project... A reasonable...
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