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10MOz * $1932 = $19 billion IGV. Is it not?Not that I would...

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    10MOz * $1932 = $19 billion IGV. Is it not?

    Not that I would normally consider IGV, because some of it would not end up in the pit outlines, and you might end up making a margin of 5% on the total resources that are dug up (after all costs and taxes, average life of mine, if very low margin). =$950m margin. But a discount rate gets applied to that due to the time value of money, and lots of that revenue coming in years 3-30 for example.

    In the words of the company:

    "The economics of the project appear to be in good shape, offering a net present value (NPV5) of US$654 million (pre-tax)"

    But that is a little optimistic, using 5% discount rate, and ignoring taxes. So a realistic assessment would be a bit lower, but has good potential to increase if Train or RPM Mid deliver something decent (equivalent to RPM South or better).
 
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