No need to even think about ZAR:USD impacts; it's all laid out in the DFS.
This table clearly shows a depreciating ZAR:
1, Improves margins
2. Lowers CapEx/Peak Funding Requirements
3. Improves NPV/IRR
4. Lowers pay-back period.
Currently @ 19.34, just a smidgeon off ATH @ 19.73 and well above the assumed rate 17.50. So closer to 20.00 in the tables below...
XAUZAR @ 35,238; well above the assumed rate of the DFS (17.50*1850) and up 21.5%, year on year.
PS All these facts are the opposite to the ramblings of our very own George Costanza.
Ann: Notice required under ASX Listing Rule 3.13.1, page-25
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