At $1770/oz (current approximate price of gold) the Net Present Value more than doubles from the SRK estimate ($215,724,000 @ $1400 gold), to $510,665,000. The payback period goes down from 42 months to 24 months with an Internal Rate of Return @ 34%, from only 20%. Good enough for me, and good enough for financing based on recent commentator reports on what gets financing and what does not. Ike
| Gold Price Sensitivity |
$1,300 |
$1,400 |
$1,500 |
$1,600 |
$1,770 |
$2,500 |
| NPV (US$000s) |
136,010 |
215,724 |
295,438 |
375,152 |
510,665 |
1,092,578 |
| IRR |
15% |
20% |
24% |
28% |
34% |
52% |
| Payback (months) |
50 |
42 |
34 |
30 |
24 |
13 |
