Here's the headline: Guyana Goldfields files positive technical report for Aurora.
Here's the key sentence:
The report had found the project to hold an estimated after-tax-and-royalties net present value of $800-million at a 5% discount when using a gold price of $1 300/oz.
Here's the chart:
Shareholders don't get a lot of bang with this report, do they? BMO certainly gets more with their $100M financing.
"Mining the market, not ore" indeed.
Tell me again, why should people want to own junior miner stocks?

The junior market seems to be pricing in a China crash that so far hasn't materialized. Is it about to?
ReplyDelete