Trying to understand (in ballpark figures):
The NPV (based on feasibility study: FS) is 240 million (LT copper price assumption: 4.23 US/lb) which implies around 70% upside. Given the non-production and early-state that is probably not good enough. However, Ord Minnet has a target price of 95 cents (based on copper price: 3.5 US/lb) which implies a 200% upside.
How can this FS's NPV (which implies round 70% upside) be reconciled with Ord Minnett price target (which implies a 200% upside) while Ord Minnet has lower copper price assumptions.
In particular, how can Ord Minnet assess the NPV as 344 NPV (94M exploration aside) while feasibility study says 240 M (based on higher copper prices). Basic arithmetics elude me!
Trying to understand (in ballpark figures):The NPV (based on...
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