hillside- what is it worth, page-9

What a ridiculous comment bsredoje, NPV and IRR are perhaps the two most important financial indicators one can use.

the NPV of Hillside is of course more than the MC. But for comparison,there are some detailed BFS done by a few canadian juniors with projects in Chile with NPV of in excess of $1.7b.


If our project is to ever be taken over these financial statistics matter. Indeed my feeling is that the Hillside NPV & IRR was viewed as not that great in the eyes of the market, especially when the PFS came out. But now with the SP where its at now, it is probably a compelling argument as a take over target.

Low SP, Project nearly ready to go, de-risked by PFS, BFS & in a safe country/pr mining state.

IMO, and as the MD has pointed out, any reduction in CAPEX, and reduction in OPEX (such as reduction in burden removal & improved recoveries, will significantly improve the financial aspect of Hillside. If we can not only increase our reserves, but also the grade of our reserves, the market will then significantly re rate Hillside due to improved economics of the project.