1MC 20.0% 0.3¢ morella corporation limited

DFS, page-268

  1. 9,027 Posts.
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    No cappers on the sell side is the thing that stands out more to me than the buy side support. Could be a head fake, or maybe we have achieved a VWAP target and the period is over?

    I can't see how we won't go up on the DFS. Unlike next door we don't have much fancy stuff to incorporate or not incorporate it should just be a straight up tightening of the figures from the PFS. I expect some more concrete numbers for opex and capex, and it would be assumed we will have LOM extensions based on a reserve upgrade (I hope).

    Therefore given our NPV from the PFS was $382, this could easily be pushed up to $450 with some small tightening of opex and a 5 year LOM extension.

    Even the PFS number is a long way from where we are now.
 
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