It's nice to see that our peers are using a NPV (7.5%). Also, see note 1 - this should also have a positive impact for VD as well.
I'll be curious to see what kind of deal comes out of their possible JV. This would be a great benchmark for us.
Highlights
- At US$4,700 per ton of installed capacity, Florence Copper is one of the lowest capital intensity copper projects in the world
- Pre-tax net present value of US$920 million at a 7.5% discount rate
- After-tax net present value of US$680 million at a 7.5% discount rate
- Probable Reserves of 345 million tons grading 0.36% Cu
- 85 million pounds average annual copper production
- 20-year mine life