Welcome aboard…. Some might say your timing is impeccable. Plenty of upside to come IMO.
I put together some numbers for Stage 2 a little while ago which I have copied/pasted below (updated the FX rate - slight downgrade on previous related post).
Anyone please feel free to critique, I'm by no means an expert on this sort of thing.
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After MG's post I thought to re-visit the above numbers after hearing a ballpark cost per ton figure of $4,500 was mentioned, which given our targeted S2 scale sounds about right/thereabouts.
So a profit margin similar to ORE's is definitely achievable, but if we were to go off their recent high price of $14,728 per ton for a shipment of 100T to Japan a profit margin per ton of $10k USD is definitely possible if we are talking battery grade is (~99.5%). Could be even higher given China spot prices are up around $20k USD at the moment so below would be considered conservative I'd imagine.
1,500T x 10,000 = 15,000,000USD
x 0.775 (AGY JV earn in for Stage 2) = $11,625,000 USD
USD > AUD @ 1.2768 = $14,842,800 AUD
Sector P/E of 12.37 would suggest a Market Cap valuation of $183,605,436
Current MC is about 1/3 of that but obviously funding for Stage 2 is required (circa 10-15M) so some dilution is expected. But nice to see that the profit calc above will see the first 1,500T pretty much cover the capital required for the remaining S2 pond dev and S2 plant earmarked for Pocitos industrial area.
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