A little math problem

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A little math problem

posted on Jul 10, 2008 02:52AM

On March 30th, 2008 Company A is worth $180M.

On March 31st, 2008 an independent engineering report green-lights a new mine, to begin construction in 2008 and production in 2013. The report values Company A's portion of this mine at a net present value of $350M.

On July 7th, 2008 an independent engineering report green-lights a new mine, to begin construction in 2008 and production in 2010. The report values Company A's portion of THIS mine at a net present value of $850M.