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SplitFusion

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05/07/23

23:06

Post #: 68643314
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Originally posted by Vodski: ↑

@kevin103

Ok had to bite, so much BS on here sometimes. Here's the answer for you, sorry very busy but here you are:

So, approx $1946/t average with PLL's $900/t and selling remaining at $3000/t

Therefore approx US$440m per year at 226ktpa

Total cash cost is C$817/t according to NAL DFS so US$617/t (US$139.5m).

So profit is US$1329/t on average. So profit is approx US$300m per year to SYAQ for NAL JV, so 75% of this is US$225m which is $337m AUD. We have massive tax break with Canadian government and further tax credits etc will apply (simplified).

This gives approx EPS of $0.0337 if we divide said profit by 10b SOI, which if use the ratio you said for PLS of 4.8 gives 17c. PLS does not have a P/E ratio of 4.8 just to clarify (lol) and to give you the correct numbers, according to ASX PLS current P/E ratio is actually 9.3....
(refer to ASX https://www2.asx.com.au/markets/company/pls )

So let's try that again for you with the real figure not your imaginary one, so at 9.3 P/E that gives Sayona a SP of 40c.

That is just for our 75% of NAL. With the current spod only set up, with half going to PLL at $900/t.

NAL is going downstream. Moblan has MRE of 50mt and will continue to grow.

4.8 would be a very unfair P/E ratio to use for SYA at this point imo even if you had have been correct for PLS. Even 9.3 right now would be rather harsh.

For example, BHP, the largest miner in the world... has a P/E ratio of 5.45RIO has a P/E ratio of 9.98, actually more than PLS currently which is rather interesting hey.

So based on just 75% NAL alone, on EPS with same P/E ratio as PLS (9.3), SYA should have a SP of 40c.

You asked the question, I hope that answers it for you. Again, that's just based on our 75% share of NAL producing spod only in the current set up selling the other half at only US$3000/tInteresting hey....

Yawn. Next?

Expand

Reminder - a portion of the cash cost per ton is from the sale of Authier ore which has clearly not begun. So you can subtract that from the cost listed in the DFS

SYA Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
24 Upvote

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Last 3.4¢		Change 0.001(3.03%)		Mkt cap ! $349.9M

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