{
  "docId": "019de511-ac08-7509-a323-c1cd91b36ea9",
  "docSlug": "d0c28a5f6f498d62d80d988677630bff",
  "documentTitle": "Fort Capital | Investment Banking Pitch Book | 56 slides",
  "authorId": "fort-capital",
  "authorName": "Fort Capital",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3324081,
  "pageNumber": 28,
  "pageCount": 56,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 250,
  "notes": "Includes a detailed multi-year cash flow table (2023-2038) and a summary of key assumptions.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de511-ac08-7509-a323-c1cd91b36ea9/28",
  "deckHref": "/decks/019de511-ac08-7509-a323-c1cd91b36ea9",
  "deckJsonHref": "/decks/019de511-ac08-7509-a323-c1cd91b36ea9.json",
  "deckAnchorHref": "/decks/019de511-ac08-7509-a323-c1cd91b36ea9#slide-28",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.6,
        "x": 0.04,
        "y": 0.22
      },
      "kind": "list",
      "text": "NPV using 5.0% discount rate is US$483M. Assumes valuation date of September 10, 2021 and consensus pricing for Gold and Silver. Assumes construction start in 2023 with the first production in 2024. Net change from the PEA's NPV5% of US$452M is US$31M.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5a08f957-3e6c-47d8-83df-2be625f5f374",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.15,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "(1) Assuming LT consensus commodity prices available in Appendix E",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e1b6fdb5-c3ee-48be-82a3-cfd13eaaee69",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.92,
        "x": 0.04,
        "y": 0.48
      },
      "kind": "table",
      "text": "NPV Analysis – Consensus Pricing (1) table showing cash flows from 2023 to 2038",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "10bf3762-20bb-4b05-8ef7-a0956d3e0271",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.28,
        "x": 0.66,
        "y": 0.23
      },
      "kind": "table",
      "text": "Key Assumptions: Valuation Date (Sept 10, 2021), Discount Rate (5%), Au LT Price ($1,600/oz), Ag LT Price ($21.00/oz), Construction Start (2023)",
      "attrs": null,
      "subkind": "kpi",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b5526f45-2b9a-41ee-894c-86ae6f11a5c5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.04,
        "y": 0.16
      },
      "kind": "title",
      "text": "NPV of the of the cash flow forecast is ~US$480M for the North Bullfrog project",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d72fabb4-9fdb-45f9-b7e6-959378de9143",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.35,
        "x": 0.04,
        "y": 0.1
      },
      "kind": "title",
      "text": "NPV Analysis – North Bullfrog",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "44dd8500-c74c-4409-a230-beaff1327431",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "217bbd96-2e28-4b77-8fe3-830e24c5167f",
      "evidence": "NPV Analysis – Consensus Pricing (1) table",
      "confidence": 0.9
    },
    {
      "name": "Valuation: DCF",
      "slug": "dcf",
      "agent": "architect",
      "layer": "slide",
      "matchId": "862ca12c-c12d-446a-b152-abf79c6c1f18",
      "evidence": "NPV using 5.0% discount rate is US$483M",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 36,
      "from": 12,
      "beatId": "021ea520-be94-4ad9-898a-e0fae608c4db",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "The deck presents extensive financial analysis, valuation, and risk management information",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 36,
      "from": 24,
      "name": "Hypothesis Test",
      "slug": "42-hypothesis-test",
      "bestFor": "Strategy validation, due diligence, research presentations",
      "matchId": "2772faba-296a-4291-afc2-737f2a6ff540",
      "evidence": "The deck presents extensive financial analysis and valuation information",
      "position": 1,
      "objective": "Test the valuation and financial analysis hypotheses",
      "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)",
      "confidence": 0.7,
      "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}