They also said (note the 10%): "We have also conducted a sensitivity analysis of the NPV against both long term A$/US$ exchange rate and iron ore fines price. We note the project is sensitive to both measures with a 10% decrease in exchange rate or a 10% increase in iron ore fines price having the potential to double the project NPV. Our current long term exchange forecast is $0.80 while our iron ore fines price forecast is 100 US?/dmtu."
They also based the IV NPV on 241 MT and we just added 19Mt which is another year of mine life (assuming most of that is economical to mine).
Same deal with BS.
Plenty of upside IMHO.
IOH Price at posting:
$1.36 Sentiment: Buy Disclosure: Held
