MNS post tax PFS NPV = USD 1.04 Billion
IRR is 84%
VRC post tax PFS NPV= USD 890 Million
IRR is 66.5%
Internal rate of return (IRR)is a metric used in capital budgeting measuring the profitability of potential investments.
This is FACT.
When discounted VRC project is worth $114 million USD less than MNS at the same stage.
Talk about strip ratios all you want, Jumbo and Super Jumbo, 99.99%, tax breaks and different jurisdictions but at the end of the day all that is accounted for in the PFS.
Why do you think Stephen Hunt posted the figure PRE-TAX in the PFS instead of POST-TAX??????????
