Berg Aukas Value10 Feb 2018 23:02
Sorry for dumb point: but can someone confirm the real value we are dealing with based on the Berg Aukas RNS acquisition:
- JORC-compliant Mineral Resource Estimate of 1.23Mt @ 15.47% Zn, 3.84% Pb and 0.33% V2O5 (Indicated classification) using a cut-off grade of 3.0% Zn.
- JORC-compliant Ore Reserve Estimate of 1.7Mt @ 11.16% Zn, 2.76% Pb and 0.23% V2O5 (Probable classification) at a 5% Zn equivalent cut-off
- Post-Tax NPV10 of US$29m
- Post-Tax IRR of 25%
I am not really that familiar with the buzz words used :(, I attempted my own calculations to try and attribute total accumulated value to the three commodities mentioned, but cannot be totally sure of my workings, please can someone lay it out in simple terms (sorry!)?
Anyone have any idea how long it would take for Namibia regulatory to approve the transaction? And once approved, how long before WTI can start mining it (as read from earlier poster this could be fairly quick to get up and running!)?
Hope everyone is having a good weekend - Patters