A cap of $227m you reckon??? Why not look at AJMs recent DFS....

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Andyrooooooo

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08/05/18

16:57

Post #: 32961967
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Originally posted by manny100 ↑

PFS 1 came up with an estimated NPV - 10% discount (in US$) between $85.6m and $126.4. Based on several scenarios and Indicated resource total 24.3mt. 9 to 14 years mine life. 14 MT at 1.39% and 6MT at 1.31%, recovery 80.7%.
Since then costs/ton have been reduced significantly reportedly below $300/ton. Indicated resources have increased to 43.7MT - almost double.
It appears the major issues to effect the NPV apart from discount rates, mine life etc are costs/t is resource size.
I am thinking that the new PFS should more than double the estimates. Just based on around double tonnage and significantly reduced costs/T to less than $300. This lethal combination could easily more than double the NPV.
Based on the lower estimate of $85.6MmUS, doubled say $170mUS, exchange rate say at 75 cents = $227mAus. Say around 250 mill shares and options on issue, NPV/share = 227/250 = approx. 90 cents/share.
Ball park (very big ball park) figures only.
Those with those complicated spreadsheets may be able to throw in a few figures and come up with NPV's etc.
What this PFS will not include is further extensions to Indicated resources which we know will be significant.
Anyone care to have an NPV guess?? Just for fun.

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A cap of $227m you reckon???

Why not look at AJMs recent DFS.

Just make sure you're near a toilet when you do cause you might poop ur pants.

BGS Price at posting: 51.0¢ Sentiment: Buy Disclosure: Held
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