Has anyone done any cashflow analysis on Lom's alluvial projects- I've done what I think is a fairly conservative analysis and I get over $10k PER HOUR (assuming $1000 per carat, 50 tph processing, 50 carats per 100 tonnes, $15 tonne direct operating costs)
does anyone have any thoughts?
If Lom can start generating consistent cashflows (relevant once it has the mining licence) then Lom can start using debt funding for its future expansion and it could introduce a share buy back program. An excellent comparison is CDU (there is actually a link to Lom) which even though its is funding a massive exploration and development program at Rocklands, while also conducting an on-market buyback of shares.
The bottom line is that equity is simply too expensive for Lom (hence the massive dilution) so the company should start using reasonable debt levels where appropriate
lom cashflow analysis and capital management
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