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Ann: Strong BFS Update Delivers 47% Increase In NPV, page-10

  1. 918 Posts.
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    That's a solid report. I should read it again to refresh my memory of all of it.

    Even if you were to double the UG capex to $26mil it is still less than 4% of the revenue from selling 39,648 tonnes of 50% concentrate at $17761 a tonne ($704m AUD).

    Plus we know the underground resource size will increase with the inclusion of the past drilling and I am sure there will be a lot of future drilling once some free cash flow starts happening. Then there is Iron Duke waiting for some attention.
 
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