I wonder who is in the mixed bag.

If I pay a little extra I can trade as Anon.

I have been thinking more on the valuation of Schaft Creek. The more I look at it the more value I see.

BASE Case NPV 8% for half the resource 540 mil with 171 mil tons of resorce treated as waste.

very unscientifically scribbled things

Figure the 171 mil tons is worth 1 billion dollars if treated as resource instead and kept to a 21 year mine life.

Then for simplicity double it as only half the resource is in the mine plan and only charge cost of continued operations instead of full Capex.

I ended up with $1.95 per share (823 million dollars) for a 75% diluted schaft creek based on the base case.

Then I started to think of what real world values are 2.665 billion at 5%

Using the same over simple valuation I ended up with

$5.19 per cuu share (2.19 billion dollars) 75% diluted Schaft Creek.

Ramblings to fill the time