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I say things on Twitter


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.