|NPV (at 10% discount rate)||US$ M||257|
|Including terminal value||US$ M||49|
|Capital Payback Period||Years||3|
|Average annual free cash flow||US$ M per annum||47|
|Life of Mine Free Cash Flow (post-tax real)||US$ M||1033|
The Ranobe Mine is a robust project with projected high operating margins revenue and relatively low development capital compared to similar scale mineral sands projects. The forecast life of mine average operating cash cost of $116/t of product combined life of mine average revenue of $271/t of product is projected to result in high operating margins. When combined with the low capital intensity and absolute capital required for the initial development, currently estimated as $216m including working capital, the project is forecast to deliver an IRR of around 27% and an NPV10 of $257m over a 21 year life.