CSA Global’s Scoping Study was based on a 100% project interest, after royalty but before production share. For MYL shareholders, based on a +/- 35% Scoping Study level of confidence, MYL has calculated a Net Present Value range of US$260 million to $620 million and an Internal Rate of Return of between 41% and 86% for its 51% project interest, after royalty and production share. MYL holds a 51% participating interest in the project through a contractual joint venture. Payback is expected to occur in two years post commissioning.
