Nice find, Ike. I was concerned about our feasiblity study using a 5% discount rate. It sounded low -- low enough to make the NPV figure look attractive. I couldn't tell how realistic it was. Having another data point like Detour's is certainly helpful.
As an aside, I'm amazed at how low Detour's internal rate of return is.
Did you notice Detour's projections as to the future price of gold?
2013: US$1,600/oz,
2014: US$1,500/oz.
2015: US$1,400/oz
2016 (and following years): US$1,200/oz.
Yikes. That's conservative!
Again, good work!
Old School