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Share
07/02/08
14:23
Share
Fundamentals..
CAPEX $3.2B
Margin US$20 NPAT per tonne.
Production: 35M tpa
NPAT: AUS$800M pa
Currently 1.9B shares on issue.
On $800M NPAT = 42 cents EPS
HOWEVER, Needs to raise US$1.6B.
On 50% debt financing, if raised at AUS$1 a share = 21 cents EPS or $2 share price target.
On 50% debt financing, if raised at AUS 75 cents a share = 18 cents EPS or $1.80 share price target.
On 66% debt financing, if raised at AUS 75 cents a share = 23 cents EPS or $2.30 share price target.
On 66% debt financing, if raised at AUS 50 cents a share = 19 cents EPS or $1.90 share price target.
On BASE CASE, 50% debt financing, if raised at AUS 50 cents a share = 15 cents EPS or $1.50 share price target.
Possible 2012 start up for share price target of $1.50 to $2.30.
Currently trading at 30 cents, which is a 4 to 7 bagger over 4 years.
Just brainstorming.
This is not investment advice.
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