Thx Pekim.

Do I get u right? 10% discount rate leads to a higher NPV than a 5% discount rate? We are talking about DCF, therefore higher discount rate decreases NPV. Discount rate has an huge impact.

450mio pre production capex relates to the high grade scenerio with less minelife.

Right. The later the CF the less the impact. But its still significant. I'll share some calculations the other day which shows the impact.

Do some caluculation and you're gonna find out what I'm talking about.

Thx.

Paschi