We have updated our model to factor in a mine-sequencing study recently announced by Bardoc. The updated plan brings forward gold concentrate production from Aphrodite to the early years of the project. All other inputs in our model remain unchanged. In our model this adjustment results in peak gold production of 166koz in year three. Higher gold production earlier improves our valuation to $0.14 per share, previously $0.12 per share.
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