shldve said they HAVENT completed PFS/BFS to get costs
Also even if we assume that they raise 150mill at $2 to get 300mill of the 350 capex and borrow the rest of the 50mill:
that would give us a share base of 205mill (present) = 150mill (raised at 2bucks) = 355mill
Assume another say 20mill options, and we have a capital base of 375mill
120mill NPAT (post 40% resource tax) / 375mill capital = EPS of 32cents a share
Give a PE 10: $3.20 valuation
its a 3 bagger
*** Again note , i havent researched this enuff, so any1 thats in-the-know please add to this or correct it. thanks
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- my valuation 35millcapex costs similar to mgx
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