Big Al chats again with David Salisbury of Passport Potash
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I to am curious about how you calculated the 8 year payback period. Not consistent with them IRR number. Thanks.
I did not compute the 8 year payback. It was a number given in the PEA.
I have not gone through any calulations on Passport yet, but glancing through the PEA, 8 year payback does not seem right if IRR is over 25%.
Former Cyprus bank governor slams EU banking System:
Sorry about above post. I was just watching the prices of Platinum and gold and saw platinum suddenly go down $12 in 5 seconds and forgot which section of Kereport I was on!
I was going to post that I posted insider buying on PPI a few days ago.
This is not really appropriate for either of the choices today, but I believe it is more important than it might seem:
http://news.goldseek.com/GoldSeek/1363714619.php
I think this could be due to market losses as the Fed is messing about in the markets.
It is really disgusting that there is neither oversight nor auditing of the Fed.
(The 007 of the business world; licensed to do what it wants. Trust me. I’m from the Government, and I’m here to help you.)
I agree a 12% discount rate is very high in these times. 5% would be more appropriate.
One thing I don’t understand in your PEA. With IRRs as high as you indicate, this does not seem consistent with a time for payback of 8 years. I have not yet done my own number crunching, but is there a mistake? (I guess your fuel costs could be moresignificant than I would have estimated.