I've done an NPV on Las Lagunas using a 12% discount and not taking into account any future plant life or third party deals(not enough information) to arrive at an AUD NPV of $79 mill.
Actual cash received is approx $103 operational profit + $25 mill capital recovery over the 6.7 year project life (from memory).
For the other projects there is not enough financial detail to estimate a meaningful NPV for each project.
However, with such upside in the Las Lagunas project alone it becomes a mute point to me. EVG is POTENTIALLY worth 2x 3x 4x the Las Lagunas NPV.
Many risks and hurdles to overcome between now and then as I have learned with previous mining investments. However, if even a couple of projects a shelved or POG falls somewhat there is large unrecognized value in EVG that will be unlocked over time as milestones are achieved.
Cheers John
EVG Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
