- 20 year LOM - 2mtpa - 1% Ni - $14,000/t Ni price - IRR 12% - 35% FCF margin (IGO latest quarterly) - excluding PGE credits and downstream processing
Gives me $819m NPV. Does that sound right? Wasn't sure if year one was $98m or $87m given the first year FCF is in one year. If its $87m then 20yr NPV is $732m.
Either way, due for a rerate once the SS and MRE are signed off.
BSX Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
