Come on now Vette, the BFS numbers are disappointing. The share price shows the disappointment. The BFS dressed the pretty girl in rags.
The bashers had a heyday. They would have had a far more difficult time bashing 2 billion NPV an IRR of 5 years and a 14% return on a 25 year mine life. I'm guessing roughly that is what the difference is with the 171 million tons classified as reserves would have swung things.
Who knows they might have adjusted it to 18 year mine life with 180,000 through put and and swung the numbers even higher.
Managment did the best they could and still get the BFS out this year. 10 holes depending on where they are and how deep could cost 10 million dollars to drill and take a full season. Nobody wants to wait another year for the BFS.
When the value of the shares jumps back up I would love to help those tricked out of thier shares to go after stockhouse and the crooks distorting over the christmas season so they can get some of their money back.
I do have lawyers but I just don't know that I am that charitable. I hate the game.