Just a rough matchox guess, seems correct to me, but please correct ;
looking at the pfs sheet, seems to me the concentrate is going from 7.5%Ndpr to 33%Ndpr.
,
if the mine still has capacity 55,900 tpa of concentrate, then the main figure of 4,200 tpa NdPr (7.5% of 55.900)
increases to 33% of 55,900 = 18,444 tpa of NdPr
compared to Lynus of 6,500 tpa Ndpr increasing to 10,000 at capital oulay of ...
pfs 7.5% NdPr concentrate price is 3,821tpa infers a price per tonne of..............? , compared to present price of $60kg
(to figure out price/kg what they were using, as can not find from research again)
easier method is 18,444 tpa at $60kg Ndpr less costs of 80mill pa= $1 billion gross revenue, increase from pfs of 220 mill revenue.
The valuation of miners is usually ev/edita and LYC is roughly 20. So PM8 ebitda from 1bill revenue at 30% tax is say 700mill ebitda,
then say 10 ev/ebitda is 7 Billion Dollars USD , or 9.73 Billion aud, with say 250mill shares,
is a price of .....$AUD exactly 38.92
but assume lowest ev/ebitda of 3, then 2.1bill mcap/250=$8.40
