AAR 0.00% 12.0¢ astral resources nl

Ann: Resource Rising Stars Gather Round Investor Presentation, page-16

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  1. 404 Posts.
    lightbulb Created with Sketch. 66
    The initial scoping study (SP) was based on pog of $2750 per oz for a LOM for the following returns:

    o Pre-tax and undiscounted free cash flow of approximately $740 million over the life of the Project.
    o Cumulative EBITDA of approximately $954 million over the life of the Project.
    o Pre-tax and undiscounted Net Present Value (NPV8%) of $442 million.
    o Pre-tax and unleveraged Internal Rate of Return (IRR) of approximately 73%.
    o Pre-tax and unleveraged payback period of approximately 0.75 years (from commencement of
    production).



    Au is now > $3500 per oz and the recoverable resource is well above the initial SP estimate of 845k 0z at a grade of 1.04.

    The SP has been well and truly superseded. I reckon your NPV of $845m is far too low.
 
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