Company just released DFS for Mount Peake project with would generate a pretax IRR of 41%, based on pre production costs of 970m, total estimated life of mine net cash flow of 11.6 billion and operating cashflow of 13.6 billion over 17 years.
SP: 23.5c
Market cap:151m
Cash:8.2m
Recent breakaway research price target of 97c based on 60% of company taken. MD in recent presentations states more likely 20-40%. Currently overseas with meetings with partners regarding off take and finance agreements. This is purely based on mount Peake project, also have other projects that will be emerged into Trr with shareholders receiving an shares in this also.
