insto strategy?, page-6

Normalized Jan 2013 C1 cost is around $1.35, that is not bad.

I have done a NPV calculation on
5-year 3Mtpa and further 20-year 5Mtpa mining life,
Copper $3/lb, C1 cost $1.35
Annual Non-operating expenses $20m,
NPV is very impressive, around $1b, net surplus cash is around $3.5b during the period.

I think that is probably why CFC is willing to pay over $820m to take over DML. $820m cost Versus $3,500m net return over 25 years.