Here Phantom
'Allowing 10 months of the year at full production, $30k tonne tungsten price then revenue of $90m from the mine. Lets say that is halved based on the above comment then $45m per year revenue in $USD, so at current conversion $60m AUS. (throw in some more for the JV and quarry, but let's stick with $60m)
Based on previous NPV report and recent resource upgrade I am thinking that there's less digging involved now so les processing and less costs etc. As a result assume operating costs equate to half the revenue number (I'd expect it to be less but all I know about tungsten has been learned from Hotcopper) So profit say $22.5-$25m per year.
Divide that by shares on market (call it 1.4 billion once notes converted, options etc) then 1.8cents profit per share. If 4-6% is a good dividend yield then at 5% yield we have a 36 cent share (if you choose yield as means of valuation)'
Happy with that ? Also a black cat crossed my path while walking under a ladder across a broken mirror on Friday the 13th and nothing happened - so I figure I have luck on my side as well.
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Last
4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $91.71M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.1¢ | $77.07K | 1.870M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.042 |
3 | 60000 | 0.040 |
1 | 150000 | 0.039 |
2 | 600000 | 0.037 |
1 | 45000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 200000 | 1 |
0.045 | 180000 | 2 |
0.046 | 468937 | 2 |
0.048 | 20400 | 1 |
0.049 | 249998 | 1 |
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