Three things will kick start growth in valuation: offtake, offtake, offtake.
What could the share price get to? A couple of ways of looking at this.
1. Compare to MNS valuation (say $300m): based on 76mt @ 4.8% TGC = 3.65mt graphite concentrate = $82m market cap per million tonnes graphite concentrate
The latest GPX drill program is expected to more than double the PFS resource of 9.2Mt = 18.4Mt /2km drilled or 9Mt per km drilled x 54km of strike identified by our geophysics = 486Mt @ 10% TGC = 48Mt graphite concentrate x $82m/mt = $3.9billion / 2 (assuming 50% equity after Chinese fund construction) = $35 share price
2. How much can we actually sell? Say we provide the Chinese building materials market with 500ktpa expandable (about 50% of our product) + 500ktpa of the other stuff that goes with it, for batteries, refractory = 1mtpa.
Our PFS comes up with NPV of US$200m for 69ktpa = $2.9billion for 1mtpa / 2 (assuming 50% equity after Chinese fund construction) = $25 share price
So a share price range of $25-$35 is justifiable, or $18-$25 fully diluted.
Why don't the Chinese just buy Chilalo outright? They might, but shareholders would have to approve it....question is what would we sell for? I could be talked into $10 once offtake and finance in place.
- Forums
- ASX - By Stock
- MVL
- Valuation Disconnect - 3 parts
Valuation Disconnect - 3 parts, page-8
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MVL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.774M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1719911 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 308619 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1719911 | 0.009 |
1 | 924413 | 0.008 |
1 | 700000 | 0.007 |
2 | 950000 | 0.006 |
1 | 300000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 308619 | 4 |
0.011 | 1095157 | 3 |
0.012 | 1527067 | 4 |
0.015 | 200000 | 1 |
0.024 | 560400 | 1 |
Last trade - 10.14am 13/09/2024 (20 minute delay) ? |
Featured News
MVL (ASX) Chart |
Day chart unavailable