Seven Bombshells in the Blackjewel Bankruptcy - Sightline ...
Cash flow Cash flows of replicating portfolio = cash flows of project, except for period 1 in which case flow of project is certain at 100,000 Value of project = value of replicating portfolio now (7,316,059)+ 100,000 from first production Net cash flow Cash flow of project (computed on the basis of year's gold price) Mine cash flow