FML 9.68% 14.0¢ focus minerals ltd

re: boardroom interview, page-2

  1. xlb
    10 Posts.
    re: boardroom interview I just ran some numbers based on CB's production forecasts

    Say 90% recovery on ore grades,
    Current 45,000 te/mo 3.5g/te = 5,000oz/mo
    Mount 30,000 te/mo 5.5g/te = 5,238oz/mo
    Tindals open 30,000 te/mo 2.2g/te = 2,095oz/mo

    = 12,332 oz/mo from mid year
    Gold @ 1,300 $/oz
    Costs @ (say) 700 $/oz ($605 reported for Dec quarter)
    = $88.8m EBITDA
    x 5.0 multiple (same as 15% NPV over 10 years)
    = $445m value
    With no debt that equates to 15.5c/share

 
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