i agree re the royalties. it is the income tax that concerns me as the NPV numbers are pre-tax, and i am trying to work out what the post tax NPV is likely to be. obviously, if copper goes to the moon it should be fine, but i if the tax is 40-50% then the company is fairly priced. maybe the PFS release will improve the financial metrics and shed light on this.
MOD Price at posting:
6.3¢ Sentiment: None Disclosure: Not Held