what is funny is the CXX BFS
does it explicitly mention CXX will have at most a 47.5% profit share thus 47.5% of the NPV?
although the Nb price has been falling, it uses a LOM assumption of 13% higher than the current price
selling price matters due to the <100% gross margin
4 year ramp up to full BFS numbers
IRR was OK but not exactly mind blowing
Ann: DEFINITIVE FEASIBILITY STUDY ON PANDA HILL-CXX.AX, page-14
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