My thesis here is that Thompson Creek's (TC) Mt. Milligan gold and copper mine is substantially less valuable than the NPV estimates presented in the now outdated NI 43-101 technical report indicate (the link is to a large file). This is the case because there have been several factors that have changed since the report's October 2009 release, including
Furthermore, while the company calculated costs for a wide range of gold and copper prices it failed to do so for current metal prices.
Despite these changes the company failed to release an updated valuation estimate. While it makes mention of certain...
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