Alternate to the NPV - all IMO
Can see then if on Ancuabe large debt finance protects the value
$US 44m ($A58m) EBITDA / 768m FP
=7.5c per FP
Allow for a modest equity component but. Largely debt financed , maybe bring that figure back to 5c / FP.
Slap an earning multiple against that .
Then Nicanda hill - it just depends again on how the JV finances it. What equity is left to TON (50% ??) and what if any script dilution is required or whether we can push some of Ancuabe production revenues toward it .(unless free carried)
So those NPV are awesome , but it always comes back to how we protect EPS. (More a reflection of our peice of the pie after any JV participation and financed)
- minimal script diluting , eg via debt and by JV project equity and partner funding - where we lose a chunk of NPV to the partners plate - but we don't have to dilute with more TON script
Exciting times ahead - Buf Let's take it one step at a time.
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $14.11M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.7¢ | $3.602K | 437.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 234764 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 444712 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 234764 | 0.007 |
6 | 1341972 | 0.006 |
4 | 1999995 | 0.005 |
3 | 1125250 | 0.004 |
2 | 1600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 444712 | 2 |
0.010 | 712032 | 6 |
0.011 | 210300 | 2 |
0.012 | 1217293 | 4 |
0.013 | 560000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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