|To:||Bill Stent <>|
|Subject:||The Cost of Preservation|
|From:||Frank O'Connor <>|
|Date:||Mon, 12 Aug 2002 18:09:32 +0800|
At 14:51 12/08/2002 +1000, Bill Stent wrote:|
"The economics are absolutely stark"
I am not quite sure what Bill is arguing here? The higher the discount rate that you use for future cash flows, the less likely a project is to meet the investment guidelines, unless all the income comes early in the project, and the expenditure occurs at the very end. Very few projects are based on this type of cash flow, certainly in the mining industry where I worked for 13 years. Most projects have a high upfront cost.
Frank O'Connor Birding WA http://members.iinet.net.au/~foconnorPhone : (08) 9386 5694 Email : Birding-Aus is on the Web at www.shc.melb.catholic.edu.au/home/birding/index.html To unsubscribe from this mailing list, send the message "unsubscribe birding-aus" (no quotes, no Subject line) to
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