Ownanisland01 what NPV value did you get? I also did a back of...

Ownanisland01 what NPV value did you get?

I also did a back of the envelope (not factoring any gold credits), I got $34m NPV for the Nimbus mine at the current silver price, approximately 13 cents per share value on a undiluted basis.

BTW did anybody checkout page 17 of the feasibility study progress, there looks like underground ramps or developments in the diagram. Can anybody confirm this?

If MRP did change their development plan to eventually go underground, MRP can access the lower resource. Morrie already indicated that there was further growth in Nimbus resource as they have already drilled to lower depths but have not claimed as inferred resource. Hence a change in JORC resource reporting will mean a resource upgrade is coming our way, further upside news!