"The desktop studies need to show an improvement over the FS IRR numbers of 10.1 % pre-tax and 8.3 % post tax. I don't know what Teck would consider good enough but they described the Zafranal 15.9 % post tax IRR as robust economics."
Thanks for taking the time to go through the release and your thoughts EG.
What would be the way or ways to show an almost double percentage increase in IRR from 8.3% post tax to the required or robust 15%? Is it even possible? I might be old school or maybe just old but how do you take 80 or 90 million dollars worth of drilling expenses and work that finally transform into a BFS and then expect to almost double that BFS with a "desktop study"?