NPV is discounted, I'm going off the cash flows. 200m a year...

NPV is discounted, I'm going off the cash flows. 200m a year (cause we get half of 400) for 40 years minimum = 8 billion.

There's also gold byproducts which are not calculated yet and the DFS should reveal that, which napkin math shows that even if 0.1g/t is recoverable as profit will be pretty damn substantial.

Lots of factors and variables of course, depends on dilution and we need to see final DFS figures. Nickel price could skyrocket too.

But either way the main takeaway is that if this goes ahead even remotely close to a positive scenario, the returns would have to be market beating. It's just a question of how it pans out.

Anyway this is all my opinion, feel free to share yours guys