RE:RE:NPK hits $1.90Hello Ciao,
The decision announced by CEO Veloso to undertake and file a formal update of the 2017 Pre-Feasibility Study in 2021 is a wise and timely one in my opinion. There have been a significant number of changes in the assumptions unperpinning the 2017 valuation, and by my count updating many of them will have a net positive impact on the previously generated NPV figure.
The Company also has three years of operating cost actuals with which it can refine the cost calculations that are a significant part of the cash outflows in the NPV spreadsheets.
I am sure many existing sharesholders, very happily holding onto every share they have purchased to date, will be looking forward to seeing this updated study released, hopefully by the end of Q3 2020.
I will be working away on the key performance indicators and valuation ratios as soon as we receive the 2020 financial statements in two week's time.
All the best,
S