1MC

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0.3¢ morella corporation limited

ETF LIT invested in AJM, page-55

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DaneTrainNZ

813 Posts.

166

07/11/17

20:38

Post #: 28583115

Originally posted by bgbuc1 ↑

Still got further to go.

My excel spreadsheet has $1.84 based on them delivering what they say they will. IF things are less than ideal - 61c. Either way, you're winning.

Here are some of my assumptions. Feedback very welcome

Column 1 Column 2 Column 3

1 STAGE 1 Base case

2 cost to produce per Tonne (AU) 316

3 FY18 productiion estimate 219000

4 Liuthium cocentrate price (USD) 950

5 AUD/USD 0.77

6 Capital costs AU $110,000,000

7 Annual interest (15%) $16,500,000

8 Other long term debt $17,000,000

9 Long term debt repayments (10%) $1,700,000.0

10 estimated profit AU 182,790,805

11 Number of years to complete 0.6

12 Discount per year 15%

13 Adjusted profit AU $166,339,633

14 P/E 11

15 market cap 1,829,735,960

16 Cash 13,300,000

17 Enterprise value 1,843,035,960

18 Share options 77,000,000

19 Number of shares 1,751,322,513

20 fair value share price (stage 1 only) $1.01

21

22

23 STAGE 2

24 tonnes per year 230,000

25 capital costs 70,000,000

26 annual interest (15%) 10,500,000

27 estimated profit fot stage 2 200,586,234

28 number of years to complete 2.0

29 discount per year 15%

30 adjusted profit AU 140,410,364

31 market cap at project level 1,544,514,000

32 share price attributed to stage 2 0.84

33 combined market cap 3,387,549,960

34 combined share price $1.84

Expand

Looks good. Any assumptions on downstream processing and royalties from atlas?

AJM Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held

Upvote

0 Great analysis

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ETF LIT invested in AJM, page-55

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	Column 1	Column 2
1	STAGE 1	Base case
2	cost to produce per Tonne (AU)	316
3	FY18 productiion estimate	219000
4	Liuthium cocentrate price (USD)	950
5	AUD/USD	0.77
6	Capital costs AU	$110,000,000
7	Annual interest (15%)	$16,500,000
8	Other long term debt	$17,000,000
9	Long term debt repayments (10%)	$1,700,000.0
10	estimated profit AU	182,790,805
11	Number of years to complete	0.6
12	Discount per year	15%
13	Adjusted profit AU	$166,339,633
14	P/E	11
15	market cap	1,829,735,960
16	Cash	13,300,000
17	Enterprise value	1,843,035,960
18	Share options	77,000,000
19	Number of shares	1,751,322,513
20	fair value share price (stage 1 only)	$1.01
21
22
23	STAGE 2
24	tonnes per year	230,000
25	capital costs	70,000,000
26	annual interest (15%)	10,500,000
27	estimated profit fot stage 2	200,586,234
28	number of years to complete	2.0
29	discount per year	15%
30	adjusted profit AU	140,410,364
31	market cap at project level	1,544,514,000
32	share price attributed to stage 2	0.84
33	combined market cap	3,387,549,960
34	combined share price	$1.84

ETF LIT invested in AJM, page-55

Top Stories

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Time for retail therapy buying in the shopping Scentre for hot stocks

Eurozone-based companies find new ways to secure a regional lithium supply

End of FY is a time to juggle wins, losses and capital gains taxes

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Featured News

Buyers (Bids)

Sellers (Offers)

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