attempted valuation, page-54

You, sir, are like a genius amongst retards. Bravo for realising 400 year timeframes extinguish the concept of and utility in calculating NPV's. Its more like an industrial facility and could - if not subject to climate risks (who says the evaporation rate in 400 years will be 3,000mm/annum?), price risks, sovereign risks, natural disasters (andes are fault active mountains!) or hydrogeological risks.

You get the valuation fairly close to the mark, pre-tax. Add a few hundred mil in market cap for the iron ore, and yah, you get to the right ballpark for ADY. Its not 90c right now, 2 years ut.

Rememer you have to calc NPV's with negatives (the investments) for the capital expanditures for the next 2 years before production, and that really cruels the NPV of Rincon Salar.