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Several days ago, I said Oposura was a project for metal-bulls with big risk-appetites. I want to expand on this.
Anyone reading the scoping study will immediately notice metal price assumptions shown are much higher than current prices (Zn, Pb & Ag are 15%, 21% & 11% less, respectively). Using today’s prices, NPV is half the headline figure (A$54.5M). Using prices of a few weeks ago (35%, 21% & 12% less), NPV is basically zero ($8.7M).