Ann: Bekisopa Iron Ore Project Pre-Feasibility Study, page-14

I don't think it should be challenging to fund, even on these conservative numbers.
The IRR is 86% and the payback is 1.8 years. That's very good compared to other projects.

This shipping was the biggest increase and the biggest unknown as sea routes don't currently exist, I think $14 USD is excessive for the distance between ports. The PFS says this will continue to be an area for evaluation.

Biggest limitation to the NPV is how much sellable ore has been defined and the mine life
We know we have a lot more, every additional year would have added a lot.

I did like this part, where Bekisopa anticipated stage 2 targeting 5Mtpa