| Report after-tax NPV(5%) | US$1,802M |
| Independently rebuilt after-tax NPV(5%) | US$1,792M |
| Variance vs report | −0.5% |
What the rebuild surfaced. Three findings the study does not show: its cash flow contradicts its own stated 30-day working-capital terms; ~US$128M of pre-production revenue escapes tax entirely (no statutory basis); and Mexico's statutory profit-sharing is omitted without explanation. Each is built as a selectable assumption with its NPV effect quantified.
This is a complete, unabridged publication, offered free so you can judge the product before subscribing. Every input in the model is footnoted to its source in the technical report.
Licensed for your own use; please don't redistribute — send colleagues here instead.
Join the list and you will receive the first full publication — the rebuilt Excel model and the ten-page investor memo — by email, free, when it releases. Founding subscriptions open afterwards for continued access to new analyses and the library. Founding subscriptions from US$99/month (launch pricing to be confirmed).