Did they ever do a DFS. The $1600 was actually not unders at all in 2017. So if you add $100 mill to capital (your guess), but then add $600 to $800 on the margin on 2 mill oz, I guess that adds $1.2 - $1.6 Billion ???????????? to the bottom line.
You can even do the NPV easily from their numbers. They assumed $600 per oz margin. Now it is $1200, so I guess we can easily double their 2017 $525 mill to $1.05 billion. (just for that project). I wonder what 'value' Mr Market has put into RRL including THAT extra $1 billion.
And I wonder if NSW want the project or want the project (for what they can extort). I assume all will go smoothly, but this world aint smoothly anymore.
RRL Price at posting:
$3.64 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)