While we wait, getting back to the video.Fairly hastily made I'd...

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.