npv analysis, page-9

Hi Davo,

That would give an NPV of $269M and equates to $4.30 ps.

Also, I read an article in today’s AFR that oil futures for 2015 have priced an oil price of $105. My $80 is looking very conservative.

If I plug in $105, the NPV is $372M. That is, if ELK JVs 50% of Grieve in return for all capital and CO2 costs it is still worth $373M to ELK.