npv, page-5

Thanks for the analysis HomeBrand. It's nice how you've given the different discount rate scenarios.

Assuming 15% discount rate as per Melua's suggestion, that still works out at a NKP share valuation north of a dollar - for Garatau only!.

Adding in Tubatse which is a bigger (but deeper) resource can only bring a smile to your face. You wouldn't want to have a go a modelling that too would you? :)