Taken from Q&A section of company website:Shareholder Comment:...

Taken from Q&A section of company website:

Shareholder Comment: What are the current price assumptions for Zn, Ag, Pb used in NPV calculation?

How sensitive is the NPV to movements in the zinc price?

Union Capital Reply: A project NPV of $US 500 million assumes a discount rate of 12%, a zinc price of $US 1100 per tonne, lead at $US 900 per tonne and silver at $US 6.10 per oz.

The NPV is sensitive to zinc prices. For example

$US 1200 per tonne: NPV $US 670 million
$US 1000 per tonne NPV $US 320 million.

Shareholders should note that the NPV's could be +/- 30%, as the spreadsheet used was developed just before the start of the BFS. The result will obviously become more accurate as a result of the BFS.


Rob Murdoch


KZl also starting to look good Zinc.

cheers