Great post @bullrush90
So, using your figures
convert $us to $aud (assume aud $.70) = $1.42
I will base NPV on $25,000 us or $35,500 aud / tonne pa
therefore at 4000 tonne pa gives us
4000 x $35,500 = $142M pa
if we apply a conservative EV of x8 that gives a MC of $1.136b based on HPA alone.
obviously need to ddt capex but really does highlight the current undervaluation of this company which will be pronounced come OFS.
Ann: QPM to proceed to NAIF due diligence phase, page-60
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