The decision was also based on the assumption that the current $3-4 copper price was not sustainable, but would be at a much lower long term price of less than $2 for copper. However, I did a quick and dirty but conservative DCF analysis; if the copper price can maintain $3-4 long term, and it turns out to be even at $5B capital expenditure, this operation is still profitable and should add at least another $2 billion value to NG. Love that last sentence another $2 billion that is billion with a B.NG is going back up.To get a deal on gold and gold bullion and anything else your heart desires at below wholesale visit:seeksomething.com
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The decision was also based on the assumption that the current $3-4 copper price was not sustainable, but would be at a much lower long term price of less than $2 for copper. However, I did a quick and dirty but conservative DCF analysis; if the copper price can maintain $3-4 long term, and it turns out to be even at $5B capital expenditure, this operation is still profitable and should add at least another $2 billion value to NG.
May 15 19:07 pm
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All Comments by seeksome »How Much Is NovaGold Worth? [View article]
Love that last sentence another $2 billion that is billion with a B.NG is going back up.To get a deal on gold and gold bullion and anything else your heart desires at below wholesale visit:seeksomething.com