djr67 JD also says in the same presentation that there is
"considerable exploration potential in addition to existing resource"
The resource is constrained only by drilling and open in most directions.
They have repeatedly stated this fact and that there is possibly 340mt in the ground there. Also having spoken the board and JD they are confident in this estimate. It only needs the $450million capex once so conservatively double your NPV estimates and thing look pretty good.
IBG - Net Present Value, page-2
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