Ann: SPP Close And Activities Update, page-3

Table 1 from the Kalkaroo project PFS financial model shows a pre-tax NPV7.5% of AUD1,228 million (post-tax AUD785 million) using Lazerblues' 2021 forecast price for copper (USD4.00/lb) and using the current long-term gold price (USD1,500/oz).

Note: In its bull case, Jefferies forecast USD4.00/lb copper during 2022. In its base case, copper would hit USD4.00/lb during 2024. See Post #:49181474


Reminder: the above table is only for one of Havilah's projects, albeit its flagship project.

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.