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Ann: Pre-Feasibility Study for the Isabel Nickel Project-AVQ.AX, page-33

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DutchAussie86

764 Posts.

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12/08/16

13:40

Post #: 18504551
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Originally posted by jazzmox ↑

gotta say I have never seen a bearish feasibility study. They all have very nigh NPV's and IRR's.
However, in this one they really had to push the numbers. Discount rate a low 8%, ever increasing nickel price, Lom of 18 years when current resource can't support it, ever steady grades.

and just a npv of 180m. Do a stress test on this and the npv falls below 100m easily.

Western Desert all over again

I also note payback period 3 years yet low capex of 20m. Nor much earnings capacity. No wonder they had to stretch the LOM

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Hahaha! Really??
Western Desert all over again?? It's completely unrelated - why bring them up ?

Sigh, you are trying hard, i'll give you that.

DA

AVQ Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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