so NPV @ 8% discount rate, using 2018 commodity prices, after tax gives us 234million
30 yr mine life with 5.3 yr payback period after 146million CAPEX outlay
Not bad, but not great.
Management are in the process of updating the DFS with lower costs and higher commodity prices in a bid to attract investors to fork up to get the project off the ground.
either way a Market cap of 20mil is just criminal !
Ann: Key step completed in finalising Skaergaard sale, page-77
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