RE:RE:RE:RE:RE:Jan Presentation Oakie - I exchanged a couple emails with Paul 1-2 years ago on why NPV of 8% vs 5%. Typically I think base metals use 8% and precious metals 5% although in reality you see all companies picking and choosing it seems. If I remember correctly, if we used 5% it would add like $1-$2B to our NPV...so it is a huge change. I also asked why we don't have sensitivity on our NPV taking into moly. Seems the reason on that is due to volatility and it doesn't get as much attention as cu and au.
regsrdless, the reality is an acquiring company placing sn offer will use their own inputs in determining theoretical value of Casino...then they will start making adjustments for permitting risk, country risk, market value currently trading at, etc...so it probably doesn't matter much on what our headline NPV shows...aside from the fact it would shut up stupid people like Kai who say NPV < capex is no good. We just change discount factor to 5%, update moly to spot and bam!!!