Based on other companies MIN has bought out where MIN was paying said company a royalty - this appears likes a sensible outcome.
Particularly as MIN is stating they are expanding to 10 mtpa and the current royalty is 9 million AUD per annum at 5mtpa assuming iron ore prices stop their meteoric rise.
If MIN expands to 10mtap that puts TLM at 18 million a year royalty. MIN bought out the last company at 10 x Royalty so a valuation of TLM at 180 million is reasonable based on recent past transactions by MIN.
https://hotcopper.com.au/threads/ann-talisman-receives-first-wonmunna-royalty-payment.6008792/page-90?post_id=53587945
Fairly clear the intention here for this project based on the newspaper article attached quoting Mineral Resources.
Ann: TLM:Talisman Receives Second Wonmunna Royalty Payment, page-3
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$33.77 |
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Mkt cap ! $6.650B | |||
| Open | High | Low | Value | Volume |
| $34.62 | $34.99 | $33.44 | $58.65M | 1.725M |
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| No. | Vol. | Price($) |
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| 5 | 778 | $33.75 |
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| Price($) | Vol. | No. |
|---|---|---|
| $33.77 | 59 | 2 |
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