Agree plough, what struck me is that it's based on Ni price of...

Agree plough, what struck me is that it's based on Ni price of US$7.50/lb when spot is ~25% lower.
Sensitivity tables in yesterday's announcement suggest that at spot Ni price, pre tax NPV < $100 (ie post tax NPV marginal?). That's at a discount rate of 7% real which seems light.


Capex increased by ~50% vs PFS - opportunity to claw some of this back, improve IRR and make it more manageable to fund?