May 2020 - Scoping Study Results Provide Solid Platform for Future Growth at Cape Ray
https://api.investi.com.au/api/announcements/mzz/4338dd64-18a.pdf
Above linked/below imaged is the May 2020 Scoping Study.
If we update some simple metrics on this bad boy, this is how we compare to the SS from 2020.
If we progressed with the "starter mine", we'd be looking at a NPV of ~$351m.
No doubt we'd never actually trade at that, but even if we got a third it'd be awesome.
Just to be clear, I did a super rough calculation to replicate the May 2020 PT NPV to get close to the SS PT NPV.
Assumptions:
-AISC is still ~50% of Gold Price
-CAPEX exactly doubled
Best of luck punters.
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