good ann in a bad market, page-9

thanks for the effort didier :-) thumbs up

It does change the return with that simple example.

Lucky for PEN they have a forward contract for 1.15Mlbs over 7years at approx $74 (report contract 15/02/2011)

Also the PFS does not include latest info on the amount of Vandium credits, nor does it include the higher grade from last updated JORC.

Just from the PFS (report 14/07/2010) US$:

Base Case U $74
Net cash flow: $407
Post Tax: $48
NVP: $162

Case 3 U $62
Net cash flow: $316
Post Tax: $39
NVP: $120

So not as bad as it seems.