valuation, page-9

Had a look at that report.....MFC get 50% for funding the project and providing the tech etc.
Will generate $15/30M per annum.
Acid recycling tech is not MFC.

NPV of project around 160M.....

Capex $45M???

hmmmm.......wouldn't want to see MFC bite off more than they could chew, but I'm sure there are lessons learned from Palamero.

Guess we'll have a better idea after sample tests done....and PFS.