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Hello nissassa,I've run this scenario, and it doesn't look very...

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    Hello nissassa,

    I've run this scenario, and it doesn't look very good haha. The flex in the Gold price is outweighed by growth in the Capex, see below (far right column):

    https://hotcopper.com.au/data/attachments/5253/5253231-d4d41c1c066976ac5b96a5650cc3c256.jpg

    I do think the probability of the early years extracting the higher grade M&I at RPM is the most logical model they could put forward. The growth in the Capex also feels probable, and of course this has an impact on IRR & payback.

    Cheers.
 
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