Its funny the company released on the 23/2/12a a dfs stating quite clearly and with qualification, the pre tax, pre 60 :40 split, npv of the Touquoy project. $206 million -40% moose to moose river -31% tax = $85.284 million This doesnt include 990000 ounces from Touquoy West and another 25000 ounces inferred but not included in ore reserves of the proposed pit. 126000 ounces or close to 30% increase in total ounces conservatively left off! I dont know why you would want to discount this project anymore but some of you have tried lol! Cochrane hill is all ours with a similar amount of ounces. Conceptual npv of CH was 165mill pre tax so lets wind that back to 100mill because we are uba conservative here and love paying tax. That gives us a staggering amount of $185 million dollars combined projects. Dilution, project funding,exploration upside,any further hiccups along the way cannot be quantified until more information presents. Oh not that it need to be mentioned , but we have got the best management team going around that has done all this before. Current market cap of 20 million seems about as ridiculous as your ever going to get. But the market is risk adverse, these shares are tightly held and there is a lot of cheap companies on the asx already. But you can shut the front door, I know when I see a bargain! Just a note on raising the 140 mill to build the mine and its a point you all seem to hang on but heres the down low WE GET THIS MONEY BACK lol enlighten me dear lord where is the dilution then????
ATV Price at posting:
3.6¢ Sentiment: ST Buy Disclosure: Held
