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2,181 Posts.
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21/01/08
16:55
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Can update the Iron Ore Forecast to include the Rincon Salar Forecast:
Slide 27 of ADY's September Presentation gives an estimated forecast for Rincon Salar from June 2009:
Production per annum:
10,000 tonnes of Lithium Carbonate;
3,000 Tonnes of Lithium Chloride;
4,000 tonnes of Lithium Hydroxide;
70,000 tonnes of Potassium Chloride (Potash);
Annual Revenue :
17,000 tonnes Lithium US$105M
70,000 tonnes Potash US$20.3M
Total Revenue US$125.3M
Operating Costs US$35M
=> Operating Profit EBITDA = US$90.3M
(Note: No interest expense, Depreciation or Tax Expense in the above calculated figure.)
Summary
Iron Ore:
Price of Fines (FOB)....$51.78.....$57.22.....$68.67
ADY's Share 60%(US$).....108.2M....140.8M.....209.5M
Rincon Salar..............90.3M.....90.3M......90.3M
Total US$................198.5M....231.1M......299.8M
No interest expense, Depreciation or Tax Expense in the above calculated figure
The above figure compares with ADY's current market capitalisation of about A$280M (ADY's closing price today was 0.28)
Regards
SP
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