100%
KWR and FMR are looking to re-start Menzies by Apr 2022 then start receiving cashflow from that around Q3 2022. They're targeting a margin of approx $900.
The NPV of their after-tax cashflow, at a discount rate of 8% across 5 years for 180k oz of gold with an $800 margin is north of $30M, and we're currently nearing $50M MC at current share price?
INSANE.
Reference:
https://www.samso.com.au/post/kingwest-resources-limited-kwr-mining-menzies-and-raising-capital-for-discovery
Ann: Huge Potential at Lake Goongarrie Gold Discovery, page-70
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