So, looking at this super simplistically, assuming they make AUD$400 per tonne profit, on 150ktpa, at 30% tax - ignoring capex, LOM, CRs etc - then this would support a mkt cap of ~$420M once at full swing on a pe of 10. That’s a SP of ~ 14c, if there is zero dilution.
If this is correct (and it is super simple, but I’m also ignoring dilution, risk, time-value of money, etc), then where is that upside the company promised in their slide with the sharpie up-arrow, at around 14.5c?
Ann: Investor Presentation, page-20
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Last
1.7¢ |
Change
-0.003(15.0%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.6¢ | $495.0K | 28.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 7890786 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 229998 | 2 |
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