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Gold/Mining/Energy : Winspear Resources

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To: freddy who wrote (14921)2/18/1999 11:55:00 AM
From: .Trev  Read Replies (2) of 26850
 
Having used my future travel shoes to look at Hugh's response I think he's confirming my understanding of how it works. NPV or PV if you like is based on the series of payments originating from Production and not the value of Ore in the ground. Itis an assessment of the money flowing from the mine into the owners poskets that gets discounted back to the present. Projections of FUTURE production rates of course have a component of reserves built in but that 's the only way reserves comes into it I believe.

It's like the guy in the movies said "Show me the money!!"

Cheers
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