Payable/Recovered MetalActually, undiscounted cash flow can improve due to three factors:
1) More ore grade resource
2) Streamlining Production
3) Larger Economy of Scale
Any increase in after tax cash flow is great for shareholders, of course, but I'm most interested in 1 above, since this will tell us if drilling has reached the limits of ore grade resource expansion. If so, work would now be focused on upgrading existing resources through infill drilling.
There are currently 16.052 billion lbs of "Payable" or "Recovered" Metal. Adding 25% to ore grade inventory, increases payable copper to 20.065 billion lbs. IVN share of that recovered metal is:
16.052 billion lbs x 0.404 (If IVN buys Crystal River) = 6.485 billion lbs
20.065 billion lbs x 0.404 (an increase of 25% Recovered Cu) = 8.106 billion lbs