Ann: TMT Delivers robust **anintha pre Feasibility Study, page-7

Important nos are
Targeted Annual Production Rate 13,000 tpa V2O5
Estimated Processing Life (LOM) 13 years
LOM Revenue A$4,935 million
LOM EBITDA A$3,070 million
Pre-tax NPV (10% discount rate) A$1,277 million
Pre-tax Internal Rate of return 55 %
Post-tax NPV (10% discount rate) A$850 million
Post-tax Internal Rate of return 43 %
Average Operating Cost US$4.27/lb V2O5
Capital Expenditure A$380m (US$284m)
Payback of Capital 3.4 years
All this based on $13/lb (rounded)

fantastic outcome