FFX NPV Calculation - Morila Alone, page-121

Crystal Ball time...




$500 mill scrip offer from SFR for all of FFX.

They dilute their company by a third - get access to long life big cash generating assets: near term $100 mill net from Morilla for 12 years and mid term $100 mill net on Goulamina for 20+ years which they get up to production Q1 2024.
As the cash comes in from Morilla, Kalahari and Goulamina the SP triples. All the while paying good divies.
Dr takes up a spot on their Board as Non-Exec Chair - their existing one retires with a golden handshake to his law firm having brokered the deal with Doc.

(Though it does suck their SP went up 11% today)