re: Ann: Papillon Delivers Outstanding PFS fo... No NPV and IRR?....
Quick and dirty
IRR - 25% (after tax)
NPV(12.5) - $US192m (after tax)
Assumptions:
All-in operating profit $153/annum
Capex $300m
Construction time 1 year
Full production first year
Tax rate 35%
9 years production