ASN General Discussion, page-3479

Geez TT

not the easiest of questions to answer- that said ,

stage 1 , based in 13ktpa at a sale price of $50k per tonne gives gross cashflow of $650 mill - allow for DFS all in costs plus 10% gives roughly $5k per tonne, which gives nett free cashflow of $585 mill
whilst we don’t know yet what the set up of the capex costs will be - let’s say $50mill for that ( it literally could be zero or double that so without knowledge of how this will be financed it’s a rough figure) which then leaves cashflow at $515 mill . Assuming a P/E of 20 ( I think it would be higher due to the growth pipeline) we arrive at a mcap of $10billion plus or roughly $9 per share .
Once funding package for capex is known you can tighten these rough numbers up considerably, but that’s what I’d b looking for from stage 1
Stages 2 and beyond, I can’t calc due to the other minerals being included but we don’t have a definitive tpa for them
you can calc the lithium valve by simply multiplying the above
even at this stage I value asn multiples of the SP , based on reserves , DFS and peer companies
it’s quite easy to see why people, including myself get excited by the asn future-
a listing in the USA certainly wouldn’t hurt either!!