positives from ann, page-41

Jamwolf,

It is very clear in the report that they have used the conservative price of 105c/dmtu. I don't see that as being vague and unclear. Current price is close to 300c/dmtu which illustrates how conservative the number is.

If, as is indicated that future prices will also be strong, then the figures re NPV and IRR will eclipse what is stated here.

The DFS shows that the project is extremely viable with an IRR of 27.4% and NPV of $4.3B. I see these numbers being strong enough to get a finance deal sorted, on the basis of that alone. Factor in potential resource upgrades, potential better achieved selling prices of IO and all interested parties (SDL shareholders, cameroon and Congo govts, and the eventual financier) will be happy chappies.