Take physic, pomp

When your post-tax IRR is 153%…

…a few things happen:
  • You don’t need to cut corners on cost parameters.
  • You can highlight the total LoM capex and not try to hide behind initial capex
  • The market doesn’t care if it’s only a scoping study at this stage.
  • It doesn’t even care about the location. Much.
  • You stock pings 10% at the open.
Yup, Mariana Resources (MARL.v) has given us its Hot Maden PEA today.
Disclosure: I own no shares directly, but do have some indirect financial exposure to the success of this project.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.