Niocorp Developments Ltd (NB)

[tedro84]

Your assumption was correct. Adding $10/kg of Nb every year and pulling out net revenue from Sc gives a Pre-tax NPV of $172.5MM without changing capex. I recall the capex for Sc production to be in the $50-60MM range. You can add your estimated capex for Sc production right on the top of the NPV.

Yearly pretax cash flow in millions for all 32 years in this scenario come out to:
151
147
138
137
113
113
107
112
82
77 (years 10-19)
74 (years 20-29)
68 (years 30-32)