Looking at comparable projects in the April corp presentation, the EV of MYL's 51% share of Bawdin at pre-development should be US $500M. Factor in, say, a risk discount of 40% leaves us with $300M or AUD $420M = 25cps.
And that was before silver prices shot up. What if the price keeps rising?
IMHO a x3 bag from here to 27cps is very possible fairly quickly.
And Slide 15 suggests a 2 year development timeline; so as development risks are put behind us and if prices keep rising, in production IMHO x6 bag from here to +50c is very possible.
