$93 million cap for 257.3 million shares including options
0.375 minus 10% = 33 cents/ share @ capital raise with discounted offer.
$630 million needed plus management bills and current overheads for 2.5 years construction period
$630 million plus 5 million = $635 million
635 million divided by 33 cents = 1.924 Billion shares plus the current 257.3 million on issue = 2.18 Billion shares at current evaluations.
I would buy these shares but they are way overpriced today.
if you produce 3700 tons per annum at $25/pound
The case study is $10 cost price per pound
so $15 so $15 profit/ pound.
2200 metric pounds x 3700 tons = 8 140 000 pounds
multiplied by $15 USA = $122 100 000 USA/ annum
.122 x 1.3 exchange rate today = $158 730 000 au dollars.
158 730 000 divided by 2.18 Billion shares is the earnings of 7.5 cents/share/ annum
The numbers don’t look that bad but to get those earnings would project a 3 to 5 year period ahead.
A good investor should at least double their investment every 5 years as a rule of thumb so discount the 7.5 cents to 3.75 cents if I invested today and only received a return in 5 years time..
Given a multiple of earnings of 10 for this industry....
That would place the share price at 37.5 cents/ share
Why would I invest at a 5 year projected share price
rate today? 20 cents/ share would be fair value today.
Unless management comes up with a better solution
going forward....
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Last
8.9¢ |
Change
-0.001(1.11%) |
Mkt cap ! $37.60M |
Open | High | Low | Value | Volume |
9.3¢ | 9.3¢ | 8.9¢ | $40.60K | 449.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 85753 | 8.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.3¢ | 70240 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 85753 | 0.089 |
1 | 10000 | 0.087 |
1 | 10000 | 0.086 |
3 | 135235 | 0.085 |
1 | 12036 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.093 | 70240 | 3 |
0.094 | 85000 | 3 |
0.095 | 37000 | 3 |
0.096 | 158515 | 4 |
0.097 | 10310 | 1 |
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