| Report after-tax NPV(5%) | C$1,127M |
| Independently rebuilt after-tax NPV(5%) | C$1,135M |
| Variance vs report | +0.7% |
What the rebuild surfaced. The report's tax shield is rebuilt two ways: a report-implied depreciation schedule that reproduces the published annual tax exactly, and a selectable first-principles Canadian CEE/CDE resource-pool alternative — so a subscriber can see how much of the valuation rides on tax timing.
Downloads are delivered through the subscriber portal at launch. Two complete free sample sets are available in the library.
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).