re: Ann: June Quarterly Activity Report and A... Felix. Im not an accountant or financial advisor, but my understanding of IRR is its the Internal Rate of Return. Its an annualised Rate of Return (ROI). Its the rate that makes NPV (Net Present Value equal to zero on an investment). The higher the IRR rate the more possibility to undertake the project. Hows that Felix?.
Ann: June Quarterly Activity Report and Appendix , page-6
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