NIC 3.31% 78.0¢ nickel industries limited

Ann: Quarterly Activities Presentation, page-5

  1. 227 Posts.
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    These were my rough calculations for a fair share price from an earlier thread:

    From the mine alone:
    EBIDTA was about $50 million USD for last year, and is now planned to increase over 3X to 10 million wmt from 3 million, so next years EBIDTA on the mine may be roughly $150 million USD

    For the RKEF lines:
    For a reduced quarter where they are transitioning to Nickel Matte, EBIDTA is meant to be over $50 million USD, or about $200 million for the year.
    Oracle Nickel will also be starting up soon, adding another 4 RKEF lines, or 50% more than the current 8 RKEF lines, likely bringing EBIDTA to about $75 million USD per quarter, or $300 million USD per year!

    Add these together, you get about $450 million USD/year, or $720 million AUD/year EBIDTA

    If you use a PE of 5 (could use 10 if you wanted, as many battery metal plays are valued at) it gets you a rough valuation of $3.6 Billion AUD MC, or $1.3 per share (this could be closer to $2 if you use a higher valuation multiplier, or if any of the HPAL work pays off)

    Let me know if anything seems off with those calculations!
 
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