ORN 6.25% 1.7¢ orion minerals ltd

Updated BFS for Prieska

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    Looking forward to the updated BFS for Prieska. A lot (no longer pushing the 'big bang' build) has changed since the 2020 BFS but the fundamental impact of Cu/Zn price moves is unchanged I assume.

    We currently have an approximate 30% lift in the assumed Cu price (US$6680/t) to the spot today of ~US$8520. Feeding that into the BFS sensitivity chart would result in a lift in NPV of a conservative 30%. Add in another 5% from forex moves, we could easily see the US$550M NPV lift to something closer to US$730M and a post-tax IRR above 40%?

    Maybe offset to some extent by capex cost increases?

    https://hotcopper.com.au/data/attachments/6096/6096778-b4029b2206982bbf9637176ae76121f0.jpg
 
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