Looking Great“Klimat X's initial investment of USD ~$2 MM into the initial project area is expected to generate USD $141-211m cumulative revenues over the total lifespan of the project. Under the option to expand to 25,000 ha, the company would expect to generate USD $721 MM to $1.08 BB in cumulative revenues. Recognizing that NPV calculations discount future revenues significantly, the conservative project-level NPV is USD $26m with an IRR of 14%. Scaled up by the additional 32,000 ha the company has secured, the full project NPV is USD $59m.”