Value Microcaps Junior Miners

[checkmate28]

Dr Air RE AISC thanks, immediately after it became standard, you were the first to throw the term around often here, Laggard been around for a long while as well.

When I used those terms, I was giving you credit, as I most often heard those terms from you on this board.

FYI Dundee I looked at the presentation. Impressive AISC
September 30, 2013
Cash and Credit $200M
including:
$150M undrawn revolving credit facility
~$50M in Cash and Short-term

I was especially interested in the PEA for CHELOPECH sulfide as it is similar to GoWest Golds project

CHELOPECH High sulphidation epithermal deposit
Au 6-7 g/t 75,000 - 90,000 oz

http://www.dundeeprecious.com/files/technical_reports/Sept%202012%20Pyrite%20PEA_v001_v553m7.pdf

The analysis is showing an IRR of 103.9% and an increased NPV of $748 M – both at the original discount rate of 7.5% by producing a concentrate and taking that to the Namibia smelter similat to Gowest plan to use the 2 Kidd smelter lines to process their orr.