independent valuation of luapula plant, page-18

@Tcb007

Umm, NO!!

The $US108M is NPV ie the Net Present Value, NOT earnings/yr.

"Net present value is the present value of the cash flows at the required rate of return of your project compared to your initial investment,” says Knight. In practical terms, it’s a method of calculating your return on investment, or ROI, for a project or expenditure. By looking at all of the money you expect to make from the investment and translating those returns into today’s dollars, you can decide whether the project is worthwhile."
From........
https://hbr.org/2014/11/a-refresher-on-net-present-value