Parrot , I disagree . If the market feels that TRY overpaid , or more importantly the NPV is not enough to justify the project risk with comfort then the stock will be punished . I think looking at gold project NPVs on paper and then comparing with what many projects deliver in reality you will appreciate for the level of debt , and based on market cap , it's not the best return as the price of gold used is only 50 dollars above spot . I don't see that as conservative assumptions as many claims.
have a look at PRU, BDR , SLR and look value many of their projects have delivered relative to their feasibility studies and you will see why instos as selling
TRY Price at posting:
83.5¢ Sentiment: Hold Disclosure: Not Held