Analisis Sensitivitas

NPV
-25% -10% 0% 10% 25%
harga jual $15,107,002 $40,449,294 $57,344,156 $74,239,018 $99,581,310
operating cost $66,143,563 $60,863,919 $57,344,156 $53,824,393 $48,544,749
discount rate
capital cost

Tabel Kesimpulan
Diagram NPV IRR
Cari mana yang paling sensitif
 0 1 2
Production (n) 0 100,000 100,000
Selling Price $750.00 $750.00 $750.00
Gross Revenue (*) $0.00 $75,000,000.00 $75,000,000.00
Royalty (-) $0.00 $3,000,000.00 $3,000,000.00
Net Revenue (=) $0.00 $72,000,000.00 $72,000,000.00
Salvage Value (+) $0.00 $0.00 $0.00
Debt Interest (-) $0.00 $0.00 $0.00
Depreciation (-) $0.00 $18,000,000.00 $18,000,000.00
Amortization (-) $0.00 $2,000,000.00 $2,000,000.00
Depletion (-) $0.00 $0.00 $0.00
Mining $0.00 $15,000,000.00 $15,000,000.00
Milling $0.00 $0.00 $0.00
Operating Cost (-) $0.00 $15,000,000.00 $15,000,000.00
Net Income Before Tax (=) $0.00 $37,000,000.00 $37,000,000.00
Tax (-) $0.00 $11,100,000.00 $11,100,000.00
Net Income After Tax (=) $0.00 $25,900,000.00 $25,900,000.00
Depreciation (+) $0.00 $18,000,000.00 $18,000,000.00
Amortization (+) $0.00 $2,000,000.00 $2,000,000.00
Depletion (+) $0.00 $0.00 $0.00
Borrowed (+) $0.00 $0.00 $0.00
Principal Payment (-) $0.00 $0.00 $0.00
Working Capital (-) $0.00 $0.00 $0.00
Capital Cost (-) $100,000,000.00 $0.00 $0.00
Cash Flow (=) $100,000,000.00 $45,900,000.00 $45,900,000.00

npv $57,344,156.15
irr 37%
 3 4 5
100,000 100,000 100,000
$750.00 $750.00 $750.00
$75,000,000.00 $75,000,000.00 $75,000,000.00
$3,000,000.00 $3,000,000.00 $3,000,000.00
$72,000,000.00 $72,000,000.00 $72,000,000.00
$0.00 $0.00 $10,000,000.00
$0.00 $0.00 $0.00 nilai sisa $ 10,000,000.00
$18,000,000.00 $18,000,000.00 $18,000,000.00 eksplorasi $ 10,000,000.00
$2,000,000.00 $2,000,000.00 $2,000,000.00 beli alat $ 50,000,000.00
$0.00 $0.00 $0.00 konstruksi $ 50,000,000.00
$15,000,000.00 $15,000,000.00 $15,000,000.00
$0.00 $0.00 $0.00
$15,000,000.00 $15,000,000.00 $15,000,000.00
$37,000,000.00 $37,000,000.00 $47,000,000.00
$11,100,000.00 $11,100,000.00 $14,100,000.00
$25,900,000.00 $25,900,000.00 $32,900,000.00
$18,000,000.00 $18,000,000.00 $18,000,000.00
$2,000,000.00 $2,000,000.00 $2,000,000.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$45,900,000.00 $45,900,000.00 $52,900,000.00
 0 1 2 3
Production (n) 0 100000 100000 100000
Selling Price $750.00 $562.50 $562.50 $562.50
Gross Revenue (*) $0.00 $56,250,000.00 $56,250,000.00 $56,250,000.00
Royalty (-) $0.00 $2,250,000.00 $2,250,000.00 $2,250,000.00
Net Revenue (=) $0.00 $54,000,000.00 $54,000,000.00 $54,000,000.00
Salvage Value (+) $0.00 $0.00 $0.00 $0.00
Debt Interest (-) $0.00 $0.00 $0.00 $0.00
Depreciation (-) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (-) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (-) $0.00 $0.00 $0.00 $0.00
Mining $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Milling $0.00 $0.00 $0.00 $0.00
Operating Cost (-) $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Net Income Before Tax (=) $0.00 $19,000,000.00 $19,000,000.00 $19,000,000.00
Tax (-) $0.00 $5,700,000.00 $5,700,000.00 $5,700,000.00
Net Income After Tax (=) $0.00 $13,300,000.00 $13,300,000.00 $13,300,000.00
Depreciation (+) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (+) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (+) $0.00 $0.00 $0.00 $0.00
Borrowed (+) $0.00 $0.00 $0.00 $0.00
Principal Payment (-) $0.00 $0.00 $0.00 $0.00
Working Capital (-) $0.00 $0.00 $0.00 $0.00
Capital Cost (-) $100,000,000.00 $0.00 $0.00 $0.00
Cash Flow (=) $100,000,000.00 $33,300,000.00 $33,300,000.00 $33,300,000.00

npv $15,107,001.91
irr 21%
 4 5
100000 100000
$562.50 $562.50
$56,250,000.00 $56,250,000.00
$2,250,000.00 $2,250,000.00
$54,000,000.00 $54,000,000.00
$0.00 $10,000,000.00
$0.00 $0.00 nilai sisa $ 10,000,000.00
$18,000,000.00 $18,000,000.00 eksplorasi $ 10,000,000.00
$2,000,000.00 $2,000,000.00 beli alat $ 50,000,000.00
$0.00 $0.00 konstruksi $ 50,000,000.00
$15,000,000.00 $15,000,000.00
$0.00 $0.00
$15,000,000.00 $15,000,000.00
$19,000,000.00 $29,000,000.00
$5,700,000.00 $8,700,000.00
$13,300,000.00 $20,300,000.00
$18,000,000.00 $18,000,000.00
$2,000,000.00 $2,000,000.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$33,300,000.00 $40,300,000.00
 0 1 2 3
Production (n) 0 100000 100000 100000
Selling Price $750.00 $675.00 $675.00 $675.00
Gross Revenue (*) $0.00 $67,500,000.00 $67,500,000.00 $67,500,000.00
Royalty (-) $0.00 $2,700,000.00 $2,700,000.00 $2,700,000.00
Net Revenue (=) $0.00 $64,800,000.00 $64,800,000.00 $64,800,000.00
Salvage Value (+) $0.00 $0.00 $0.00 $0.00
Debt Interest (-) $0.00 $0.00 $0.00 $0.00
Depreciation (-) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (-) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (-) $0.00 $0.00 $0.00 $0.00
Mining $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Milling $0.00 $0.00 $0.00 $0.00
Operating Cost (-) $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Net Income Before Tax (=) $0.00 $29,800,000.00 $29,800,000.00 $29,800,000.00
Tax (-) $0.00 $8,940,000.00 $8,940,000.00 $8,940,000.00
Net Income After Tax (=) $0.00 $20,860,000.00 $20,860,000.00 $20,860,000.00
Depreciation (+) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (+) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (+) $0.00 $0.00 $0.00 $0.00
Borrowed (+) $0.00 $0.00 $0.00 $0.00
Principal Payment (-) $0.00 $0.00 $0.00 $0.00
Working Capital (-) $0.00 $0.00 $0.00 $0.00
Capital Cost (-) $100,000,000.00 $0.00 $0.00 $0.00
Cash Flow (=) $100,000,000.00 $40,860,000.00 $40,860,000.00 $40,860,000.00

npv $40,449,294.45
irr 31%
 4 5
100000 100000
$675.00 $675.00
$67,500,000.00 $67,500,000.00
$2,700,000.00 $2,700,000.00
$64,800,000.00 $64,800,000.00
$0.00 $10,000,000.00
$0.00 $0.00 nilai sisa $ 10,000,000.00
$18,000,000.00 $18,000,000.00 eksplorasi $ 10,000,000.00
$2,000,000.00 $2,000,000.00 beli alat $ 50,000,000.00
$0.00 $0.00 konstruksi $ 50,000,000.00
$15,000,000.00 $15,000,000.00
$0.00 $0.00
$15,000,000.00 $15,000,000.00
$29,800,000.00 $39,800,000.00
$8,940,000.00 $11,940,000.00
$20,860,000.00 $27,860,000.00
$18,000,000.00 $18,000,000.00
$2,000,000.00 $2,000,000.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$40,860,000.00 $47,860,000.00
 0 1 2 3
Production (n) 0 100000 100000 100000
Selling Price $750.00 $825.00 $825.00 $825.00
Gross Revenue (*) $0.00 $82,500,000.00 $82,500,000.00 $82,500,000.00
Royalty (-) $0.00 $3,300,000.00 $3,300,000.00 $3,300,000.00
Net Revenue (=) $0.00 $79,200,000.00 $79,200,000.00 $79,200,000.00
Salvage Value (+) $0.00 $0.00 $0.00 $0.00
Debt Interest (-) $0.00 $0.00 $0.00 $0.00
Depreciation (-) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (-) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (-) $0.00 $0.00 $0.00 $0.00
Mining $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Milling $0.00 $0.00 $0.00 $0.00
Operating Cost (-) $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Net Income Before Tax (=) $0.00 $44,200,000.00 $44,200,000.00 $44,200,000.00
Tax (-) $0.00 $13,260,000.00 $13,260,000.00 $13,260,000.00
Net Income After Tax (=) $0.00 $30,940,000.00 $30,940,000.00 $30,940,000.00
Depreciation (+) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (+) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (+) $0.00 $0.00 $0.00 $0.00
Borrowed (+) $0.00 $0.00 $0.00 $0.00
Principal Payment (-) $0.00 $0.00 $0.00 $0.00
Working Capital (-) $0.00 $0.00 $0.00 $0.00
Capital Cost (-) $100,000,000.00 $0.00 $0.00 $0.00
Cash Flow (=) $100,000,000.00 $50,940,000.00 $50,940,000.00 $50,940,000.00

npv $74,239,017.84
irr 43%
 4 5
100000 100000
$825.00 $825.00
$82,500,000.00 $82,500,000.00
$3,300,000.00 $3,300,000.00
$79,200,000.00 $79,200,000.00
$0.00 $10,000,000.00
$0.00 $0.00 nilai sisa $ 10,000,000.00
$18,000,000.00 $18,000,000.00 eksplorasi $ 10,000,000.00
$2,000,000.00 $2,000,000.00 beli alat $ 50,000,000.00
$0.00 $0.00 konstruksi $ 50,000,000.00
$15,000,000.00 $15,000,000.00
$0.00 $0.00
$15,000,000.00 $15,000,000.00
$44,200,000.00 $54,200,000.00
$13,260,000.00 $16,260,000.00
$30,940,000.00 $37,940,000.00
$18,000,000.00 $18,000,000.00
$2,000,000.00 $2,000,000.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$50,940,000.00 $57,940,000.00
 0 1 2 3
Production (n) 0 100000 100000 100000
Selling Price $750.00 $937.50 $937.50 $937.50
Gross Revenue (*) $0.00 $93,750,000.00 $93,750,000.00 $93,750,000.00
Royalty (-) $0.00 $3,750,000.00 $3,750,000.00 $3,750,000.00
Net Revenue (=) $0.00 $90,000,000.00 $90,000,000.00 $90,000,000.00
Salvage Value (+) $0.00 $0.00 $0.00 $0.00
Debt Interest (-) $0.00 $0.00 $0.00 $0.00
Depreciation (-) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (-) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (-) $0.00 $0.00 $0.00 $0.00
Mining $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Milling $0.00 $0.00 $0.00 $0.00
Operating Cost (-) $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Net Income Before Tax (=) $0.00 $55,000,000.00 $55,000,000.00 $55,000,000.00
Tax (-) $0.00 $16,500,000.00 $16,500,000.00 $16,500,000.00
Net Income After Tax (=) $0.00 $38,500,000.00 $38,500,000.00 $38,500,000.00
Depreciation (+) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (+) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (+) $0.00 $0.00 $0.00 $0.00
Borrowed (+) $0.00 $0.00 $0.00 $0.00
Principal Payment (-) $0.00 $0.00 $0.00 $0.00
Working Capital (-) $0.00 $0.00 $0.00 $0.00
Capital Cost (-) $100,000,000.00 $0.00 $0.00 $0.00
Cash Flow (=) $100,000,000.00 $58,500,000.00 $58,500,000.00 $58,500,000.00

npv $99,581,310.38
irr 52%
 4 5
100000 100000
$937.50 $937.50
$93,750,000.00 $93,750,000.00
$3,750,000.00 $3,750,000.00
$90,000,000.00 $90,000,000.00
$0.00 $10,000,000.00
$0.00 $0.00 nilai sisa $ 10,000,000.00
$18,000,000.00 $18,000,000.00 eksplorasi $ 10,000,000.00
$2,000,000.00 $2,000,000.00 beli alat $ 50,000,000.00
$0.00 $0.00 konstruksi $ 50,000,000.00
$15,000,000.00 $15,000,000.00
$0.00 $0.00
$15,000,000.00 $15,000,000.00
$55,000,000.00 $65,000,000.00
$16,500,000.00 $19,500,000.00
$38,500,000.00 $45,500,000.00
$18,000,000.00 $18,000,000.00
$2,000,000.00 $2,000,000.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$58,500,000.00 $65,500,000.00
 0 1 2 3
Production (n) 0 100000 100000 100000
Selling Price $750.00 $750.00 $750.00 $750.00
Gross Revenue (*) $0.00 $75,000,000.00 $75,000,000.00 $75,000,000.00
Royalty (-) $0.00 $3,000,000.00 $3,000,000.00 $3,000,000.00
Net Revenue (=) $0.00 $72,000,000.00 $72,000,000.00 $72,000,000.00
Salvage Value (+) $0.00 $0.00 $0.00 $0.00
Debt Interest (-) $0.00 $0.00 $0.00 $0.00
Depreciation (-) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (-) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (-) $0.00 $0.00 $0.00 $0.00
Mining $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Milling $0.00 $0.00 $0.00 $0.00
Operating Cost (-) $0.00 $11,250,000.00 $11,250,000.00 $11,250,000.00
Net Income Before Tax (=) $0.00 $40,750,000.00 $40,750,000.00 $40,750,000.00
Tax (-) $0.00 $12,225,000.00 $12,225,000.00 $12,225,000.00
Net Income After Tax (=) $0.00 $28,525,000.00 $28,525,000.00 $28,525,000.00
Depreciation (+) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (+) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (+) $0.00 $0.00 $0.00 $0.00
Borrowed (+) $0.00 $0.00 $0.00 $0.00
Principal Payment (-) $0.00 $0.00 $0.00 $0.00
Working Capital (-) $0.00 $0.00 $0.00 $0.00
Capital Cost (-) $100,000,000.00 $0.00 $0.00 $0.00
Cash Flow (=) $100,000,000.00 $48,525,000.00 $48,525,000.00 $48,525,000.00

npv $66,143,563.28
irr 40%
 4 5
100000 100000
$750.00 $750.00
$75,000,000.00 $75,000,000.00
$3,000,000.00 $3,000,000.00
$72,000,000.00 $72,000,000.00
$0.00 $10,000,000.00
$0.00 $0.00 nilai sisa $ 10,000,000.00
$18,000,000.00 $18,000,000.00 eksplorasi $ 10,000,000.00
$2,000,000.00 $2,000,000.00 beli alat $ 50,000,000.00
$0.00 $0.00 konstruksi $ 50,000,000.00
$15,000,000.00 $15,000,000.00
$0.00 $0.00
$11,250,000.00 $11,250,000.00
$40,750,000.00 $50,750,000.00
$12,225,000.00 $15,225,000.00
$28,525,000.00 $35,525,000.00
$18,000,000.00 $18,000,000.00
$2,000,000.00 $2,000,000.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$48,525,000.00 $55,525,000.00
 0 1 2 3
Production (n) 0 100000 100000 100000
Selling Price $750.00 $750.00 $750.00 $750.00
Gross Revenue (*) $0.00 $75,000,000.00 $75,000,000.00 $75,000,000.00
Royalty (-) $0.00 $3,000,000.00 $3,000,000.00 $3,000,000.00
Net Revenue (=) $0.00 $72,000,000.00 $72,000,000.00 $72,000,000.00
Salvage Value (+) $0.00 $0.00 $0.00 $0.00
Debt Interest (-) $0.00 $0.00 $0.00 $0.00
Depreciation (-) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (-) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (-) $0.00 $0.00 $0.00 $0.00
Mining $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Milling $0.00 $0.00 $0.00 $0.00
Operating Cost (-) $0.00 $13,500,000.00 $13,500,000.00 $13,500,000.00
Net Income Before Tax (=) $0.00 $38,500,000.00 $38,500,000.00 $38,500,000.00
Tax (-) $0.00 $11,550,000.00 $11,550,000.00 $11,550,000.00
Net Income After Tax (=) $0.00 $26,950,000.00 $26,950,000.00 $26,950,000.00
Depreciation (+) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (+) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (+) $0.00 $0.00 $0.00 $0.00
Borrowed (+) $0.00 $0.00 $0.00 $0.00
Principal Payment (-) $0.00 $0.00 $0.00 $0.00
Working Capital (-) $0.00 $0.00 $0.00 $0.00
Capital Cost (-) $100,000,000.00 $0.00 $0.00 $0.00
Cash Flow (=) $100,000,000.00 $46,950,000.00 $46,950,000.00 $46,950,000.00

npv $60,863,919.00
irr 38%
 4 5
100000 100000
$750.00 $750.00
$75,000,000.00 $75,000,000.00
$3,000,000.00 $3,000,000.00
$72,000,000.00 $72,000,000.00
$0.00 $10,000,000.00
$0.00 $0.00 nilai sisa $ 10,000,000.00
$18,000,000.00 $18,000,000.00 eksplorasi $ 10,000,000.00
$2,000,000.00 $2,000,000.00 beli alat $ 50,000,000.00
$0.00 $0.00 konstruksi $ 50,000,000.00
$15,000,000.00 $15,000,000.00
$0.00 $0.00
$13,500,000.00 $13,500,000.00
$38,500,000.00 $48,500,000.00
$11,550,000.00 $14,550,000.00
$26,950,000.00 $33,950,000.00
$18,000,000.00 $18,000,000.00
$2,000,000.00 $2,000,000.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$46,950,000.00 $53,950,000.00
 0 1 2 3
Production (n) 0 100000 100000 100000
Selling Price $750.00 $750.00 $750.00 $750.00
Gross Revenue (*) $0.00 $75,000,000.00 $75,000,000.00 $75,000,000.00
Royalty (-) $0.00 $3,000,000.00 $3,000,000.00 $3,000,000.00
Net Revenue (=) $0.00 $72,000,000.00 $72,000,000.00 $72,000,000.00
Salvage Value (+) $0.00 $0.00 $0.00 $0.00
Debt Interest (-) $0.00 $0.00 $0.00 $0.00
Depreciation (-) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (-) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (-) $0.00 $0.00 $0.00 $0.00
Mining $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Milling $0.00 $0.00 $0.00 $0.00
Operating Cost (-) $0.00 $16,500,000.00 $16,500,000.00 $16,500,000.00
Net Income Before Tax (=) $0.00 $35,500,000.00 $35,500,000.00 $35,500,000.00
Tax (-) $0.00 $10,650,000.00 $10,650,000.00 $10,650,000.00
Net Income After Tax (=) $0.00 $24,850,000.00 $24,850,000.00 $24,850,000.00
Depreciation (+) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (+) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (+) $0.00 $0.00 $0.00 $0.00
Borrowed (+) $0.00 $0.00 $0.00 $0.00
Principal Payment (-) $0.00 $0.00 $0.00 $0.00
Working Capital (-) $0.00 $0.00 $0.00 $0.00
Capital Cost (-) $100,000,000.00 $0.00 $0.00 $0.00
Cash Flow (=) $100,000,000.00 $44,850,000.00 $44,850,000.00 $44,850,000.00

npv $53,824,393.29
irr 36%
 4 5
100000 100000
$750.00 $750.00
$75,000,000.00 $75,000,000.00
$3,000,000.00 $3,000,000.00
$72,000,000.00 $72,000,000.00
$0.00 $10,000,000.00
$0.00 $0.00 nilai sisa $ 10,000,000.00
$18,000,000.00 $18,000,000.00 eksplorasi $ 10,000,000.00
$2,000,000.00 $2,000,000.00 beli alat $ 50,000,000.00
$0.00 $0.00 konstruksi $ 50,000,000.00
$15,000,000.00 $15,000,000.00
$0.00 $0.00
$16,500,000.00 $16,500,000.00
$35,500,000.00 $45,500,000.00
$10,650,000.00 $13,650,000.00
$24,850,000.00 $31,850,000.00
$18,000,000.00 $18,000,000.00
$2,000,000.00 $2,000,000.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$44,850,000.00 $51,850,000.00
 0 1 2 3
Production (n) 0 100000 100000 100000
Selling Price $750.00 $750.00 $750.00 $750.00
Gross Revenue (*) $0.00 $75,000,000.00 $75,000,000.00 $75,000,000.00
Royalty (-) $0.00 $3,000,000.00 $3,000,000.00 $3,000,000.00
Net Revenue (=) $0.00 $72,000,000.00 $72,000,000.00 $72,000,000.00
Salvage Value (+) $0.00 $0.00 $0.00 $0.00
Debt Interest (-) $0.00 $0.00 $0.00 $0.00
Depreciation (-) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (-) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (-) $0.00 $0.00 $0.00 $0.00
Mining $0.00 $15,000,000.00 $15,000,000.00 $15,000,000.00
Milling $0.00 $0.00 $0.00 $0.00
Operating Cost (-) $0.00 $18,750,000.00 $18,750,000.00 $18,750,000.00
Net Income Before Tax (=) $0.00 $33,250,000.00 $33,250,000.00 $33,250,000.00
Tax (-) $0.00 $9,975,000.00 $9,975,000.00 $9,975,000.00
Net Income After Tax (=) $0.00 $23,275,000.00 $23,275,000.00 $23,275,000.00
Depreciation (+) $0.00 $18,000,000.00 $18,000,000.00 $18,000,000.00
Amortization (+) $0.00 $2,000,000.00 $2,000,000.00 $2,000,000.00
Depletion (+) $0.00 $0.00 $0.00 $0.00
Borrowed (+) $0.00 $0.00 $0.00 $0.00
Principal Payment (-) $0.00 $0.00 $0.00 $0.00
Working Capital (-) $0.00 $0.00 $0.00 $0.00
Capital Cost (-) $100,000,000.00 $0.00 $0.00 $0.00
Cash Flow (=) $100,000,000.00 $43,275,000.00 $43,275,000.00 $43,275,000.00

npv $48,544,749.01
irr 34%
 4 5
100000 100000
$750.00 $750.00
$75,000,000.00 $75,000,000.00
$3,000,000.00 $3,000,000.00
$72,000,000.00 $72,000,000.00
$0.00 $10,000,000.00
$0.00 $0.00 nilai sisa $ 10,000,000.00
$18,000,000.00 $18,000,000.00 eksplorasi $ 10,000,000.00
$2,000,000.00 $2,000,000.00 beli alat $ 50,000,000.00
$0.00 $0.00 konstruksi $ 50,000,000.00
$15,000,000.00 $15,000,000.00
$0.00 $0.00
$18,750,000.00 $18,750,000.00
$33,250,000.00 $43,250,000.00
$9,975,000.00 $12,975,000.00
$23,275,000.00 $30,275,000.00
$18,000,000.00 $18,000,000.00
$2,000,000.00 $2,000,000.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$43,275,000.00 $50,275,000.00