RE:RE:RE:RE:RE:RE:RE:RE:Getting pummeled doesn't the cash flow In years 25-50 assume $1600 gold and $3.35 copper and that cash flow is discounted at an 8% rate!
So $400M mined in year 1 cash flow is like $50M cash flow in year 25 and $8M cash flow in year 50
so if no assumptions are made for metal prices to increase over time....that's why the NPV is pretty much only based upon years 1-15 because after that the discount 8% factor just makes anything outside that insignificant. In reality one would expect that the metals would increase at whatever the assumed discount factor is if we are being real! I believe that's the intent where Paul states the 2nd phase does add good cash flow that is not discounted. In reality the cash flow would be much higher with realistic metal prices in future years!