NoThat is the "NPV" after 5 years. The IRR on those figures is...

No

That is the "NPV" after 5 years. The IRR on those figures is about 17.95% for the base life of the mine.


If you want EBITs

Initial -$30,000,000
Year 1 7,184,382
Year 2 7,184,382
Year 3 11,973,971
Year 4 11,973,971
Year 5 11,973,971

Mine Payback = 3 years 4 months

Obviouslly there is a chance for an increased resource and that would impact the economies of the project even more as well as the possibility of using the existing plant to process ore from Bamford