Black Pine Gold Project

Liberty Gold Corp. — Cassia & Oneida counties, Idaho, USA · Gold (heap leach doré) · NI 43-101 FS · delivered October 2026
Report after-tax NPV(5%)US$2,397M
Independently rebuilt after-tax NPV(5%)US$2,367M
Variance vs report−1.2% (deliberate, decomposed)

What the rebuild surfaced. The study states book depreciation, no depletion and no deduction for property tax, yet its published taxes can only be reached with percentage depletion, MACRS, federal expensing and the property-tax deduction. Built from federal and Idaho statute, the Mine License Tax included, the rebuild lands 1.2% below the headline and within 0.1% pre-tax; with the study's published taxes selected, it lands 0.1% above.

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

Subscribers view every model in the browser at launch; Excel downloads use download credits. A sample model is available on request: email [email protected].

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Members receive the weekly email, including one full investor memo with each issue. Paid subscriptions open at launch, with every rebuilt model viewable in the browser and new analyses as they release.