I haven't made any comment regarding the financial metrics in the DFS, except for one figure of $200m minimum value of the CXX share of NPV based on the DFS worst case. That should read $200m USD as well. Not bad for a company with a M/C of $40m AUD.
My compliment about the DFS was in relation to the quality of information, the quantity of pilot testing detail, the consideration of variability testing, and the point it contains more facts than assumptions. Plus when assumptions are made they are not outlandish or clear spin like so many other FS documents announced to market by junior mining companies.
The important point to note from my comment relates to identifying 'spin'. The most recent FS study I read from another mining company was full of spin and lacking in creditable detail. The CXX FS is at the other end of the spectrum and presents as highly creditable due to the depth of detail presented.
That is my point with the earlier post. Whether I make comment on the financial metrics remains to be seen and then you are most welcome to make counter points against me if I do so. Until then my point remains about how good the quality of this DFS really is, especially compared across the 'junior' mining sector.
Cheers
CXX Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held