Yes. It considers all liabilities and cost, and amortises that over the full duration of the mine (20 years plus per the licensing/permitting) when constucting the NPV.
The biggest variable in determining the NPV is whether we access western basket pricing for the mine. Nothing else comes close. I do agree that management is paid richly, but in the fullness of time that may be prudent - rewarding us with commensurate returns.
Can only wait and see imo.
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