I always thought the Internal Rate of Return was very low for Dubbo but I also thought that IG will pull it off. Now that I think back, I should have known better that the IRR of 23% was too low for such a big outlay in CAPEX. To put that into perspective, Sayona Mining IRR is 140% with a LoM of 27 years. Now that is an impressive IRR. The best chance for Dubbo will be when the prices for the REE will increase significantly. That will give a much higher NPV value. For a good mining project the IRR needs to be at least 30-40% IMO. I still believe Dubbo will happen eventually, but all the planets need to be aligned for it to get the go-ahead.
ASM Price at posting:
$1.48 Sentiment: None Disclosure: Not Held
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