Have to repeat RF's quote; NPV MODELS SHOULD BE BURNED,THEY SHOULD BE TRASHED, THEY SHOULD NEVER APPEAR AGAIN.
The ONLY discount rate you should apply to K&K is ZERO DISCOUNT RATE.
When BHP boiught OZ minerals, they paid a 68% premium and RF SAYS they must have used a
$6 dollar copper price and if you use 6 dollars on K& K you will see how SEVERELY this asset is UNDERVALUED.
IVN WINS, AND I REST MY CASE.