With this prefeasibilty cashflow, you've described what many of us have realized for a while. Well done.
Whereas the grade estimate is high and needs to be confirmed, so is the marketing expenditures, IMO. Also, the capital requirements will be significantly less here, but you have considered the opposite will be true, as evidenced in your depreciation estimate. Another point, is that K-91 would have a longer life, hence a lower net present value. I believe that all of these are either self cancelling, or are within the error range (ie +/-30%)of the estimates.
The most important point, though, is Nedland's comment about other potential, such as K-14, and K-__, et al.
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