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0.00% 0.6¢ cassius mining limited

buy recommendation issued. target $0.07, page-36

  1. asjadyahya
    83 Posts.
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    20/02/11
    18:32
    Post #: 7922446
    Hi,

    I just got hold of the Veritas on GLF. Haven't gone through it yet, got thsi from first glance: they use a price of $240/t for Vermiculite (held stable in the 2012-2015 period at least) and assume operating costs of USD130-140/t on FOB basis. Their expectation of the cash margin for the average of all products is ca. USD100/ton.

    Also, their capex estimate for additional 100ktpa capacity is USD20m, to be completed in 50ktpa modules.

    Will post more information once I've gone through the report.
    GLF Price at posting: 7.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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