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Re: TexasRambler post# 43050

Friday, 10/16/2015 3:06:26 PM

Friday, October 16, 2015 3:06:26 PM

Post# of 63744
No I didnt say the 3rd mine. I said the 4th mine will take over 5+ years to become commercial. Maybe even 8-10.

Yeah the 3rd mine will be sooner of course, but how are they going to finance it with a tapped out balance sheet and $1,200 gold ??

If you sold 4th property, you may be able to pay off debt and finance the 3rd property now, which could actually increase the NPV of the overall project since you could get the 3rd properties cashflows sooner and you wouldnt also be paying high interest expense.

Lets not forget TIME is just as important in an NPV calculation as the value of the future cashflows.

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