well Sunrise project in isolation, if we get going for construction next year we could be a $2.5-3Bn company by 2026 @ 50% ownership, 70c AUD/USD, 5-6x EBITDA which is a $27-30 shareprice.
below is results from my DCF which I attempted to match PEP with pretty decent accuracy. I then scenario modelled 1. throughput upgrade and 2. additional recycling @ $2 Ni and $6 Co profit margin / lb (random guess). I have NPV going up to $1.8-2Bn USD @ 18% IRR with these options. no platinum and PEP price assumptions.
I dont have much of an idea of CNQ valuation but initial SP of 50-75c as some have suggested seams reasonable. CNQ are highly dependant on future project pipeline obviously.. so we'll see i guess
Ann: Demerger Update, page-68
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Last
39.0¢ |
Change
-0.015(3.70%) |
Mkt cap ! $35.18M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.8¢ | 38.5¢ | $5.322K | 13.57K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9671 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 1331 | 1 |
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| SRL (ASX) Chart |