Bets on the PFS, page-46

l guess we wont know until we know, but to my way of thinking, even if we only assume a 10 mill tonne resource - and say 330kpta over 30 years. lets also say 2 k basket price (remembering that the ten tonnes will be large jumbo and super jumbo) which is an underestimation. Theres 19.8 billion right there. Now - looking at our peers - after all costs are cslculated in, including tax, royalties administrative costs etc....most are operating at 20-25 percent profit post tax for life of mine. If we assume 10 percent- we are looking circa 2 billion NPV. And if we are looking at 20 percent, we are looking 4 billion. Now even that number could grow. Basket prices could go up with demand, ongoing drilling could extend the resource further, etc. 330kpta is not small, and we certainly need to find strong long term committment for our product- but as a value, NPV should be in this vicinity on my guestimate