Also remember the updated DFS is only using a spod price of $1,352, currently $5,542/t.
Let's say we sell the balance at $5,000/t.
($5,000 + $1,328) ÷ 2 = $3,164.
$3,164 ÷ $1,352 = 2.34.
$2.2b x 2.34 = $5.14b
It would be a very fair assumption that if we sell the balance of ore @ A$5,000/t, our NPV would then $5.14b or a share price of $0.57.
Ann: DFS Confirms NAL Value With A$2.2B NPV, page-68
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