General discussion inc SP movement, page-176

Hey@benz 560, let me do a simple (but relevant, I think) calculation.
Based on 14 Dec 2021 Economic Assessment, with updates and assumptions as noted.

AISC USD$2.22 /lb
Current Cu Price USD$3.60 /lb
So Operating Margin USD$1.38 /lb
Production rate per EA: 36kt Cu in first three years , with first copper sales in month 7
So I will infer no production for 6 months then 1.2kt Cu per month thereafter (Operating Production)
Operating profit at Operating Production and Operating Margin: USD$3.3 M per month
On one side I have ignored that payment for copper in concentrate is a bit less than quoted Cu price, but I have offset this a little with leaving out the Gold credit.
So Op Profit of USD$3.3M per month is AUD$4.7M per month - let's be conservative and cut this back 20% to AUD$4M per month.
Cap Cost is AUD$26M - to be conservative let's increase this by 20% to AUD$32M.
So capital would be paid back after 15 months (6 months pre-production, 8 months production at OP AUD$4M per month, and one month extra for the interest costs).
Still looks a good prospect to me! Even at 15 months pay back!!