I should have clarified...Im saying POG is already at or above AUD$3,000.
If you have a positive NPV at POG AUD$2,400, then everything above $2,400 is cream. So the extra AUD$600 goes straight to the bottom line (before tax).
I have not done the numbers, but i recall AZY used POG of AUD$2,400. ..so the AUD$300M NPV AZY got with the POG at AUD$2,400 may be a AUD$600+M NPV with POG at AUD $3,000 - other posters have said the same, so I'm not saying anything new.
AZY General Discussion, page-175
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