Vizsla Silver — Sinaloa, Mexico · Silver-Gold (doré) ·
NI 43-101 FS · delivered August 2026
Report after-tax NPV(5%)
US$1,802M
Independently rebuilt after-tax NPV(5%)
US$1,792M
Variance vs report
−0.5%
What the rebuild surfaced. Three findings the study does not show: its cash flow contradicts its own stated 30-day working-capital terms; ~US$128M of pre-production revenue escapes tax entirely (no statutory basis); and Mexico's statutory profit-sharing is omitted without explanation. Each is built as a selectable assumption with its NPV effect quantified.
Rebuilt economic modelExcel · formula-driven · every input footnoted ·
sensitivity dashboard · view in the browser; Excel download by credit
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