Yes spot price based valuations are astronomical (and a bit of fun). Here is the NPV table from the ASN DFS:
The spot price case is $3.768 billion USD post tax. If I recalculate HMW & Candelas using the same spot price and 7% discounted cash rate rate (that ASN uses) I get a combined post tax NPV of $13.2 billion USD for HMW & Candelas (or almost $19 billion AUD "post tax!") - or 3.5 times the ASN spot price NPV:
Now there is some motivation for getting into production as quickly as possible.
You will probably never see project valuations like this again in your life time - it takes a perfect storm to produce this kind of opportunity.
ALL IMO DYOR.
Yes spot price based valuations are astronomical (and a bit of...
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