Ann: Quarterly Activities and Cashflow Report, page-25

Hi Everyone,
Just looking over this project due to the current price. For DCF I used:

• Discount rate: 8%
• Capital cost: A$245 million
• Net cash flow: A$705 million
• Mine life: 14 years

If you are new...
Just change the discount rate and the life of mine
Present value = Net cash flow / (1 + discount rate)^n
= A$705 million / (1 + 0.08)^14
= A$370 million
Divided by the 395m SOI.

Give 93c before the coming dilution. Assuming 50% debt to equity for the prjoect is raised at 20c. That is 500m shares totaling 895m SOI.

I get 41.3c.

Obviously less debt to equity ratio changed the prices as well as the price of the raise.

Note: If you use current spot prices... I get 37.5c. But i agree we should see silver and lead prices rise.