When it comes to economic studies for mining projects, it isn’t an unfair statement to say that not all studies are the same. What we mean by this is that some analysts are heavy on costs, while others are .. less rigorous. Investors that follow the sector religiously likely already have a sense of who is tougher on costs and who isn’t without us naming names.
Some outfits are known for building mines, while others are better known for producing the numbers that a company wants to be able to better market their equity. Sure, they all fall within national instrument requirements, but those tougher on costs are more focused on being accurate rather than rosy.
Which of course means that those more rigorous outfits, while doing their job, tend to make it harder for a project to be sold to the market, because the returns don’t look as enticing.
Which might be the problem that Stllr Gold (TSX: STLR) is facing following the release of their Tower Gold PEA.
Lets dive in.
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
