Ann: Continuation of suspension, page-108

While we wait, getting back to the video.

Fairly hastily made I'd guess, the asx won't allow companies to put out a NPV for a project unless it's backed up by a PFS, DFS etc. Although the video is about Minbos, this is probably the reason it is mostly de-identified, no commentary by Minbos - just a video made about their project but not affiliated with the company.

When they say the price of LDAN & CAN is $300 & $200 a day, I presume they mean per tonne, reasonably conservative figures. Operating costs of 30% of revenue would also seem reasonable especially as electricity is the biggest cost.

I put the above figures into an online NPV calculator & it came up with a NPV of US$600m, ChatGPT showed $443m. The video showed $1.46b, working out NPVs is not my forte, maybe someone else can have a go.

In any case, although we'd probably only own half of it, the GA project could be very profitable.