Hi Cu1 For certain reasons HT1 doesn't post during the day(office hrs) so you may have to wait late afternoon for a response from him
But I think HT1 took into a/c the capital cost in the D and A component (kept it the same as P H for a longer mine life) HT1 did not do an NPV, he indicated that it was a mine profit calc. We can all choose where we think the average copper price will be, so the time to access the ore is not that relevant. I have read other estimates of the capital cost starting from $700m (Highgrade report - I will not publish - you need to subscribe) - HT1 would appear to have chosen a mid-point in the P and A amount. The other issues HT1 will need to respond to.
OZL Price at posting:
$14.60 Sentiment: LT Buy Disclosure: Not Held