RE:RE:RE:RE:wwadehammerTomG and WWH
There are some NPV analysis in Exhibit 9, on page 8 of iA Security (the one that has the elephant on the logo) for two discount rates (5% and 7%). Their target was conservatively based on the 7% discount rate (target price is higher with 5%). Exhibit 8 show comprehensive results for various scenarios (NSR payable to Osisko included). Their NPVs in the Table are from $552-759M (compared to $113.5M, after-tax, mentioned in WWH post). Did not check to see what tax rate iA Security would consider for ICG.
This analyst report (by George Topping) is the last report in the link provided by StockM's post. Link below.
https://www.docdroid.net/9zqiTje/integra-gold-corporation-analyst-reports.pdf.html#page=29
GH