You're either just insulting yourself mongy, or deliberately attempting to mislead. TNG have done a feasibility study good enough for the German export credit agencies to lend someething in the vicinity of half a billion dollars for the project. A feasibility with that level of detail doesn't just leave out royalties, upfronts or other 'dues' to government or indigenous land owners.
Are you suggesting that the DFS is so sloppy that they have just missed very obviously and critical components of the economic modelling? Even if they didn't know the exact $ amounts at the time of the DFS, they would have made an estimate based on discussions to-date at the time, coupled with 'going rate' estimates from other NT mining agreements. If there was still any uncertainty, then they would have risk-adjusted that figure upwards to ensure there are no surprises once the agreement is finalised.
I personally think that whatever figures they factored into the DFS will be materially correct. Materially meaning that any difference, even if the final agreed indigenous dues are substantially different from the those put into the DFS, then they will have $NIL material impact on the project economics. As in the NPV will still be $4.7B, or within +/- a very small percent difference... i.e., materially the same.
Your indigenous land owner acquiantce(s) have obviously left you out of the loop, so just ride the tide and either buy in or bugger off.
TNG Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
