How much would someone be willing to pay for Luni right now? Here’s some insight: the footprint of Luni can accommodate 43 of St George’s niobium deposits. Luni’s deposits are also much thicker—at least twice as thick—effectively making it equivalent to 86 of St George’s niobium deposits. St George is paying USD 21.25 million for their acquisition. Multiplying this amount by 86 and converting it to AUD gives us a clearer estimate.
- Cost per St George's niobium deposit (USD): USD 21.25 million.
- Number of equivalent deposits in Luni: 86 deposits.
- Total cost in USD: USD 1.8275 billion.
- Exchange rate (USD to AUD): 1 USD = 1.4 AUD.
- Total cost in AUD: AUD 2.5585 billion.
Therefore, if Luni’s niobium deposits are considered equivalent to 86 times those of St George's deposits, the total cost, when converted to AUD, is approximately AUD 2.5585 billion.
Now 2.5bil AUD ( SP $39.98) sounds like fair value.
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