They are dropping hints of what to expect from the updated DFS: "There have been significant increases in the consensus commodity pricing and forex since the June 2023 DFSand these will be included in the revised financial forecasts. The substantial reduction in treatment and refining (TCRC) costs across the industry will also be incorporated into that update."
Compared to 2023 DFS: 1) Commodity Prices has increased significantly (Cu $9,477 vs $9,880 spot) 2) Forex (AUD:USD exchange rate of 0.70 vs 0.64) 3) Treatment and refining charges (TCRC) - some smelters already have negative TC/RC. They are paying the miners to process their con. (-$42.6/t vs +??)
With capital development already invested, this will lower risk and improve finance terms. All indicators point to considerable increase in project NPV.
DVP Price at posting:
$3.77 Sentiment: Buy Disclosure: Held
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