| Report after-tax NPV at 7%Table 22-4, p.434 | C$2,135M |
| Re-created NPV at 7% | C$2,150M |
| Variance vs report | +0.7% |
Re-created NPV: the report's after-tax NPV recalculated in our model from the report's published inputs, using the report's own tax, working-capital and timing treatment. It shows how closely the published economics can be reproduced. It does not confirm that the report's calculations or assumptions are correct, and it is not our base case.
The study prints a single total-taxes row, with no pools, allowances or credit timing. Its taxes are C$140M below statute over the life of mine, with refunds in Years 1 and 2: about C$340M of deductions it does not name. The model builds tax from federal and Newfoundland and Labrador statute; on that basis the value is below the study's, while pre-tax the two are close. With the study's published taxes selected, the model lands 0.7% above the report.
Library and All Access subscribers open each model in the browser. Subscriptions open at launch; join the launch list to hear first. A complete sample model is free to view in your browser: open the sample.
Members receive email updates as we add new projects. Paid subscriptions open at launch, with every rebuilt model viewable in the browser and new analyses as they release.