As for Kanmantoo - during the peak of the boom the project had an NPV substantially above $100m.
On my personal calcs the project had an NPV in excess of $A300m during the peak of the boom with further upside to come from expansion of the resource.
At current market prices the project has an NPV (after including capital costs) of close to $100m. In other words HGO will go close to doubling its money - $130m in and $230m back.
The breakeven cost of the mine is $US1.20/lb versus the current market price of $2.25/lb.
HGO Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
