Green Bay Copper-Gold Project

FireFly Metals Ltd. — Baie Verte, Newfoundland and Labrador, Canada · Copper-Gold (concentrate + doré) · NI 43-101 PEA · delivered October 2026
Report after-tax NPV(7%)C$2,135M
Independently rebuilt after-tax NPV(7%)C$2,055M
Variance vs report−3.7% (deliberate, decomposed)

What the rebuild surfaced. The study prints a single total-taxes row, with no pools, allowances or credit timing. Its taxes are C$140M below statute over the life of mine, with refunds in Years 1 and 2: about C$340M of deductions it does not name. Built from federal and Newfoundland and Labrador statute, the rebuild lands 3.7% below the headline and within 0.5% pre-tax; with the study's published taxes selected, it is within 0.7%.

Rebuilt economic modelExcel · formula-driven · every input footnoted · sensitivity dashboard · view in the browser; Excel download by credit

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