There are a lot of factors pointing towards a substantial increase in the NPV.
A lot which you have pointed out before Scott
-Interest rate difference between BFS and reality for capex funds. -Quarry revenue difference between BFS and reality. -Strip ratio dropping from 11:1 to 3:1. -29% increase in MTUs in open pit shell -Substantial conversion of waste ore to ROM ore -Change in USD:AUD. -Increase in Tungsten price. -Greater efficiency from increased size of machinery. -3rd XRT sorter added into phase 2 instead of 2 in the BFS.
Whatever the result I think it is good to remember that the majority of the increase is coming from the same patch of dirt, technology and the market environment changes have moved in our favour.
Exciting times. The Mt Carbine project has a HUGE amount of future growth in front of it, if it all goes to plan we will have an exciting decade in front of us..
EQR Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
