RE:RE:First Two Mining Benches Completed The upshot of doubling the LOM from the current 8.5 years to 17,0 years by converting Inferred to mineable can be deduced from the original prelim assessment in 2016.
In that assessment ...which can be viewed in the current Corporate Presentation ..the NPV10 increased from $335 m US to $742 milion US.
The ratio is 2,25.
The current NPV 10 as estimated in June 2022 was $450 million US.
Doubling mine life to 17 years at the same rate of annual production would boost the NPV10 to about $1.15 billion US.
The reason is obvious .
initial Capex is the same so that number becomes a much smaller proportion of LOM cash flows .
Further, exploration upside is substantial as well.
So, the LOM could increase much more than doubling even from current defined resource levels