• Provide a brief background of the BCI Mardie Project (i.e., location of the project and primary commodity to be produced and the future price outlook for that commodity(ies). What was the ownership of the CEO/MD and board of directors. Who were the largest two investors and what are thier shareholdings? (10 marks)
• Discuss all relevant ESG costs and benefits associated with development of Mardie Project (note this can include discussion of any issues relevant to Indigenous Australians. (15 marks)

• Provide a forecast of the cash flows for the Mardie Project. Take care in clearly laying out assumptions in terms of commodity prices, discount rate, forecast production rate, capex etc. (20 marks)
• Taking care to review the company's most recent financial statements, feasibility study disclosures and quarterly activities reports compute the following project valuation metrics; (30 marks - breakdown below as follows)
• Compute a project NPV.
• Compute a project ARR.
• Compute a project IRR.
• Compute the project Payback Period.
• Compute the project Profitability Index and Capital Intensity life of mine.
• Forecast the cash flow per share and the P/CFPS and or P/E ratio life of mine
• Compute the Debt Service Coverage Ratio life of mine

Accounting, market and project valuation implications (25 marks)

• Given the above analysis, and the company's current share price and market capitalisation, would this be a company worth investing in? Why or why not? Pay attention to providing a detailed justification for your underlying valuation assumptions and conclusions (25 marks)