some confusion i believe21 Nov 2020 17:06
Firstly as Nolosstiisell has just mentioned not sure why people think we have to pay anything to convert NRR
just doing some fag paper numbers as my grammer is awfull
but in simple terms with my simple mind
not taking into acount all the new mine optumisations ie one megga mine instead of 3/4
more open than under etc etc etc
2018 drills were talking about lets say possibly 25million extra tons or approx 20% increase in reserve total
again in my simple mind, the 2019 pfs aloud for most of the construction mine/road plant etc which obviously affects npv initialy
well my thinking is the extra 20% reserve added doesnt have theses numbers taken out of it as they are there to start with so to speak, so i am thinking a 20% increase in resource does more than 20% increase to NPV again in my simple mind happy to be pulled apart
yes we have know idea at moment but we i think are going to be pleasently suprised imop