npv does not make sense, page-17

Hello all Arafura followers, re the start of this thread, flyer69

"Something is wrong here, can some one let me know how you can have a 750 million capex spend then make 60million EBITDA (revenue 410m less 350m opex - does not take tax or interest expenses into account) over a twenty year mine life and come out with a 1.1B NPV....."

Rang the company, and yes the figures are a tad confusing as the full data including EBITDA not shown. They agree may be necessary to help people, ie investors present or newbies to understand fully the PFS that a follow-up announcement be made to the ASX. However Pirra believes that the institutions will now board this train, big time.

Arafura confirmed that the NPV Value - Post Tax is estimated at A$1.1billion is correct. On this basis we do have an extraordinary future with ARAFURA RESOURCES LTD. Hope the above helps.

Remember that these are ESTIMATES, that can have many variables, so bring on Pilot Plant 2008 and get us into production ASAP.

Time will tell. Always does