BSX 2.50% 4.1¢ blackstone minerals limited

Sleeping Beauty ASX BSX, page-1551

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    So expanding on that further, assuming:

    - 20 year LOM
    - 2mtpa
    - 1% Ni
    - $14,000/t Ni price
    - IRR 12%
    - 35% FCF margin (IGO latest quarterly)
    - excluding PGE credits and downstream processing

    Gives me $819m NPV. Does that sound right? Wasn't sure if year one was $98m or $87m given the first year FCF is in one year. If its $87m then 20yr NPV is $732m.

    Either way, due for a rerate once the SS and MRE are signed off.
 
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