I agree, 6 years is not long to get to the present position for TMT. But the mining plan has changed a couple of times since the start, and to be honest I thought the metrics of the original plan for **-nintha looked very strong, and we have yet to see a clear improvement on this when adding Yarra and TiO2 etc. To date, they've never reported a higher NPV than was the case in 2019, despite a longer LOM and additional revenue streams. Lets see if the financial model does actually produce the highest NPV so far, that would be a game changer here.
all imho, dyor
Ann: TMT Strengthens Cornerstone Support - $11.5M Placement, page-97
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