Mr NST.ax/Bill Beament's Other Baby, page-46

About half the Capex will be done through Trafigura (~$100M AUD).

To be repaid through Copper & Zinc concentrate production.

Offtakes with Trafigura for all of the concentrate produced in first 11 years of mine life (50% after that).

DFS based on just the first 10.5 years of mine life but VXR mentioned a couple of weeks ago (RRS presentation) that there's potentially 30-40 years of mine life there.

First 10.5 years will produce (at a Copper price of USD$6,300):

- $2.6B+ revenue
- $818M free cash flow
- $472M NPV
- $80M+ profits per year


Copper price currently up at US$7,320, which is a lot higher than the US$6,300 used in the above DFS numbers (increases the DFS numbers/profits significantly).


Trafigura is massive (US$180B+ annual revenues and US$50B+ in assets).


Cheers,

GB.