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Gold/Mining/Energy : MPVIF Mountain Province Mining -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (2365)9/6/2002 10:24:49 AM
From: GeoDude  Read Replies (1) | Respond to of 2577
 
GT,

you are correct. $300MM is a low-ball estimate and is 30% of a $1B project. But if costs are too high the project is uneconomic so they have to stay within the Aber range (which I thought was slightly above $1B for the mine/facilities). When I have time I'll benchmark with the Aber data (which is plentiful).

A carried interest is the best and MPV was very smart.

LIA


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