I have a few shares in MInbos MNB that announced their DFS result yesterday. They're doing Phosphates in Angola. So plenty of jurisdictional risk and prices are currently high due to Russia's invasion of Ukraine. But that won't necessarily be the case for the Life of Mine. The results are so inferior to VR8's and yet they still have a MC of $72M. The relativity is unbelievable!
Ann: DFS delivers A$1.9BN NPV confirming World Class Project, page-250
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