Scottie Gold Mine (Toll Milling Scenario) PEA: C$606M NPV, 135.2% IRR
Scottie Resources Corp.'s Scottie Gold Mine (Toll Milling Scenario) in Stewart Mining Camp, Golden Triangle, British Columbia, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$606M and an after-tax IRR of 135.2%.
Scottie Resources Corp.'s Scottie Gold Mine (Toll Milling Scenario) has reported Preliminary Economic Assessment (PEA) results for the gold project in Stewart Mining Camp, Golden Triangle, British Columbia, Canada. The study headlines an after-tax net present value of C$606M at a 5% discount rate. It reflects Scottie Resources Corp.'s (SCOT.V) latest disclosed economics for the asset.
Economics. The after-tax NPV is C$606M using a 5% discount rate. After-tax IRR is 135.2%. The study models a payback period of 0.7 years. Economics are based on USD$2,600/oz gold base case.
Resources and ownership. The company holds a 100% interest in the project.
These figures are extracted from Scottie Resources Corp.'s technical disclosures and reflect the most recent PEA on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.
Our Analysis
The 135.2% after-tax IRR is exceptional, ranking in the top decile of the 95 gold projects we track and far exceeding the ~15-20% threshold developers need to secure financing. The 0.7-year payback is equally striking, implying rapid capital recovery. However, the 5% discount rate used to report the C$606M NPV is a low-end convention that flatters the headline number; a more conservative rate would compress that value significantly. The NPV is roughly 4x the company’s market cap—a gap that could signal the market has not yet priced in the asset’s potential, but equally could reflect skepticism about the developer’s ability to fund and execute without heavy dilution.
Capital intensity is the central risk here: the absolute capex is large relative to the company’s market cap, meaning equity dilution or financing delays are real concerns for a single-asset junior. The study’s USD$2,600/oz gold price sits well below today’s spot of $4,054.30/oz, so returns could be even stronger if prices hold, but the jurisdiction—British Columbia’s Golden Triangle—is mining-friendly but operationally remote, adding logistical and permitting complexity. The single most important watch-item is the financing plan: can the company secure project-level debt without excessive shareholder dilution?
Our take, benchmarked against the project economics in the Mining Stocks database. Figures are estimates drawn from company technical reports — not investment advice; always verify against the source filing.