DVP Technical Analysis, page-567

LTR: “The detailed underground mine plan for the first five years of operation is in the process of being finalised” - so this might indicate the initial contract is for five years (vs BGL 4 years ~ $400M).

LOM podcast mentioned something about needing 5 jumbos.

So applying DVP/BGL development rates so far, LTR contract might be:

5 Jumbos, average 900m each per month, 4500m x $8200/m ~ about $150M per year?
5 years contract x $150M per year ~ about $750M?

Kathleen Vally ground is not as hard as Bellevue, so development rates per month could be higher and more metres = more revenue.

At conservative 15% net margin, LTR contract could generate $110M free cashflows for DVP over 5 years? At premium 30% net margin, then $220M? If 10% paid in LTR equity, then more rocket fuel for the DVP SP?

I am just following the breadcrumbs here, so could be totally off the mark!